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

Generated by AI, curated by humans

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.

Latest

Apr 6, 12:43 pm

Decrypt

Strategy Adds $330 Million in Bitcoin After Taking a Week Off

Strategy disclosed that it purchased 4,871 BTC for $330 million last week, increasing its Bitcoin treasury to nearly 767... Read Summary

Apr 6, 9:52 am

Decrypt

Drift Protocol's $285 Million Hack Came After Six Months of North Korean Infiltration

Drift Protocol revealed a sophisticated six-month intelligence operation by a North Korean state-affiliated group that d... Read Summary

Apr 6, 9:17 am

Coindesk

IMF Says Tokenization Could Revolutionize Markets, But Bring Added Risk

The International Monetary Fund (IMF) highlights how tokenization can revolutionize financial markets by enabling instan... Read Summary

Apr 6, 9:08 am

Decrypt

Bitcoin Surges, Oil Falls Amid Rising US-Iran Ceasefire Optimism

Bitcoin and global markets rose following reports of ceasefire talks between the U.S. and Iran. The leading cryptocurren... Read Summary

Apr 3, 6:29 pm

Decrypt

MARA Cuts 15% of Workforce After Selling $1.1 Billion in Bitcoin to Pivot Business Focus

MARA, a publicly traded Bitcoin miner, has reduced its workforce by 15% following the sale of $1.1 billion in Bitcoin. T... Read Summary

Apr 3, 5:28 pm

Decrypt

Dmail Network Decentralized Email Service Shutting Down After Five Years

Dmail Network, a decentralized email platform operational for five years, will gradually cease services starting May 15... Read Summary

Apr 3, 5:09 pm

Decrypt

New Attorney General Todd Blanche Owned Bitcoin, But Pursued Cases Against Crypto Developers

Todd Blanche, the new head of the Department of Justice, has a history of pro-industry reforms and crypto investments. U... Read Summary

Apr 3, 4:34 pm

Decrypt

Drift Attempts On-Chain Negotiations With Suspected North Korean Hackers After $285 Million Exploit

Drift, a Solana-based decentralized exchange, identified wallets holding stolen crypto and attempted on-chain negotiatio... Read Summary

Apr 3, 3:51 pm

Decrypt

Bitcoin Just Had Its Worst Quarter in Years—Where Does It Go From Here?

Bitcoin experienced its worst quarterly performance since early 2018, dropping 22% year-to-date due to war, tariffs, and... Read Summary

Apr 3, 2:53 pm

Decrypt

Riot Blockchain Sold $250 Million in Bitcoin, Marking Second Straight Quarter of Sales

Riot Blockchain sold over $250 million worth of Bitcoin in Q1, reducing its holdings to 15,680 BTC valued at $1.04 billi... Read Summary

Apr 3, 2:37 pm

Protos

US Senator Blumenthal Questions Binance's Honesty About Transactions With Iran

Binance faces scrutiny from US Senator Blumenthal over potential misleading information provided to Congress regarding t... Read Summary

Apr 3, 2:35 pm

Decrypt

Ethereum Foundation Nears Completion of 70,000 ETH Staking Target

The Ethereum Foundation has staked over 45,000 ETH, nearing its 70,000 ETH target, with a total staked position of 69,50... Read Summary

Apr 3, 12:12 pm

Decrypt

Cambodia's New Law Targets Online Scams Involving Crypto, Introducing Harsh Penalties

Cambodia has passed a draft law imposing severe penalties on online scam operations involving crypto, aiming to eradicat... Read Summary

Apr 3, 11:35 am

Decrypt

Algorand Hits 2-Month High After Google Recognizes Quantum Readiness

Algorand's recent rally, driven by a Google research paper praising its post-quantum protocols, saw a 44% increase in th... Read Summary

Apr 2, 11:00 pm

Decrypt

Naoris Protocol Blockchain Is Ready for the Quantum Computing Threat

The blockchain industry is racing against time to prepare for the quantum apocalypse, with networks like Naoris Protocol... Read Summary