According to CoinDesk, the French markets regulator has announced that it started accepting applications for crypto asset services provider (CASP) licenses on July 1. This move makes France the first major economy in the European Union to initiate this process, as the bloc's Markets in Crypto Assets (MiCA) regulations are set to come into effect by the end of the year.

The Autorité des Marchés Financiers (AMF) highlighted in a post on its website that 10 aspects of the MiCA legislation will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms. The AMF has a history of welcoming crypto companies, with 74 companies already registered under its own regime as of May last year.

Other large EU economies such as Germany, Italy, and Spain have yet to make official announcements regarding the process. Companies wishing to offer services in the European Union after July 2026 will need to obtain a CASP license under the MiCA framework.