France set to approve the first batch of crypto firms under new rules

France’s financial regulator, Autorite des Marches Financiers (AMF), is set to approve the first batch of cryptocurrency firms under its new rules, which come into effect later this month.

The regulator is in talks with “three or four candidates” for initial coin offerings (ICOs), as well as with several other cryptocurrency exchanges, custodians and fund managers, Anne Marechal, executive director for legal affairs at the AMF told Reuters on Tuesday.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

France adopted cryptocurrency regulations in April, which includes issuing certification for cryptocurrency issuers as well as taxing their revenue. At the time, the country also asked other EU nations to adopt its regulations to have a “single regulatory framework” across the region.

France, which currently holds the Group of Seven (G7) presidency, is also set to create the group taskforce on stablecoin projects, including Facebook’s planned cryptocurrency, Libra.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.