In a latest development, France’s 5th largest bank, the €863 billion BPCE Group, is gearing up to launch Bitcoin and crypto investment services for its customers in 2025.
The initiative will be deployed through its crypto subsidiary Hexarq, following regulatory approval from the AMF, the country’s financial markets watchdog. It will launch its services within the Banque Populaire and Caisse d’Épargne networks from 2025, as reported by The Big Whale.
Notably, Hexarq recently obtained PSAN (Prestataire de Services sur Actifs Numériques – Virtual Asset Service Provider) authorization, which allows it to operate legally within France’s digital asset market. PSAN authorization is a regulatory framework established in France to oversee digital asset service providers.
