Circle obtains conditional registration in France, appoints head of operations in country

Quick Take

  • Circle is deepening its European compliance by obtaining DASP registration and onboarding a regulatory veteran to head French operations. 

Stablecoin issuer Circle has obtained digital asset regulatory licensure in France and appointed a new Head of French Operations. 

Circle obtained conditional registration as a Digital Asset Service Provider (DASP) from the French Financial Markets Authority, the company said in a statement. Stepping into the Head of French Operations role is Coralie Billmann, who currently serves as the Chief Operating Officer of Europe and board member for the global business account and payment firm 3S Money. 

The move deepens Circle's compliance to European standards, especially in regard to Markets in Crypto-Assets (MiCA) regulation, a legal framework for crypto asset firms interacting with markets within the European Union. Billmann will help ensure Circle's MiCA readiness in addition to heading licensed operations in France.

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"The issuance of this conditional DASP registration in France marks a significant early milestone as we work towards establishing our European regulatory platform," Circle co-founder and CEO Jeremy Allaire said in a statement. "With Coralie Billmann joining Circle, her deep market expertise and leadership will be instrumental in furthering our regulatory efforts and deepening our connections in France."

Before 3S Money, Billman previously worked at JP Morgan leading Payment High Growth Tech Sales and the EMEA Treasurer for PayPal Luxembourg, according to Billmann's LinkedIn profile. Her appointment to her new role at Circle requires regulatory approval. 


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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