France Opens for MiCA Applications, First Among Biggest EU Economies.
Autorité des marchés financiers (AMF), the French markets regulator, has reportedly begun accepting applications for crypto asset service providers (CASPs), six months ahead of Markets in Crypto-Assets (MiCA) regulations coming into force.
Specifically, AMF stated that it started accepting applications for CASP licenses on July 1. This makes it the first major European Union economy to do so.
In a post on its website on Friday, the AMF noted 10 aspects of the legislation that kick in on Dec. 30, including providing custody and administration of crypto-assets on behalf of clients and operating a crypto-asset trading platform.
The MiCA requirements will replace France’s PACTE (Action Plan for Business Growth and Transformation) regime. Companies wishing to offer services in the European Union after July 2026 will need a CASP license under MiCA.