News Explorer — France Updates Digital Asset Rules to Align With MiCA

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Aug 10, 3:17 pm

Blockworks

France Updates Digital Asset Rules to Align With MiCA

France is updating its regulations for digital asset service providers (DASPs) in preparation for the implementation of MiCA by the European Union in late 2024. Starting from January 1, 2024, DASPs in France will need to meet enhanced registration requirements, including adequate security and internal control systems, public pricing policies, and specific custody provisions. Societe Generale's crypto arm, SGForge, is currently the only firm licensed for all four cryptorelated services. The new regulations also align the French DASP license requirements with the European authorization process under MiCA.

France is updating its regulations for digital asset service providers (DASPs) in preparation for the implementation of MiCA by the European Union in late 2024. Starting from January 1, 2024, DASPs in France will need to meet enhanced registration requirements, including adequate security and internal control systems, public pricing policies, and specific custody provisions. Societe Generale's crypto arm, SGForge, is currently the only firm licensed for all four cryptorelated services. The new regulations also align the French DASP license requirements with the European authorization process under MiCA.

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