Exchanges open in France would require registration
France has begun to follow new trend among government officials to request licenses for the management of Bitcoin. After the decision by D.C.’s officials to finally notice an elephant in the room and assign some status to Bitcoin, others began to follow the example. Last Wednesday the French Prudential Supervisory Authority (ACPR) made a public announcement that Bitcoin exchanges are now viewed and treated as payment service. Hence, the approval of ACPR is a necessary requirement for any business that includes being a third party in cryptocurrency exchange operations. Surely, all the....
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Despite the fact that the Bank of France has already issued a warning on bitcoin and digital currency as a whole, it seems like users in the country haven't encountered much of a challenge in using their bits. But exchanges, on the other hand, are another story altogether. Regulators at the French Prudential Supervisory Authority (ACPR) at the Banque De France (Bank of France) have issued a statement outlining that bitcoin exchanges operating in France must be registered and licensed to do so. The Authority has established that any business that serves as an intermediary by facilitating....
The cryptocurrency exchange's Italian branch will become its second European operation after obtaining a license in France. One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May. On Friday, the exchange’s official blog reported that Binance Italy has received regulatory approval in the country through registration as a Cryptocurrency Service Provider with Organismo Agenti e Mediatori (OAM), as....
Binance said it would “significantly scale” its operations in France following the registration approval, and planned to expand its team “to pursue further infrastructure development.” The Autorité des Marchés Financiers (AMF), France’s authority responsible for regulating the financial market, has granted Binance’s registration to provide crypto-related services in the country.In a Wednesday update, the AMF included Binance France SAS in its list of registered digital asset service providers in France. The registration was a step toward allowing the crypto exchange to provide....
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says the changes are necessary to fight against terrorism financing. France Tightens Crypto Surveillance France’s Council of Ministers endorsed an ordinance containing a series of measures to tighten the surveillance of cryptocurrency activities last week. The ordinance, which will enter into force in....
Thailand seeks to introduce a new set of rules for retail crypto investors, specifically targeting those who want to open accounts. The Thai financial watchdog could require domestic crypto exchanges to ask traders for proof of income. Thai SEC Could Also Ask Crypto Investors to Prove Their Knowledge of the Market According to a Bloomberg report, the Securities and Exchange Commission (SEC) of Thailand is likely preparing the ground to require investors to show their income or assets before opening accounts. Ruenvadee Suwanmongkol, the secretary general of the country’s financial....