Circle Applies for Regulatory Approvals in France, Doubling Down on European Expansion
BOSTON and PARIS, March 21, 2023 /PRNewswire/ -- Circle, a global digital financial technology firm and the issuer of USDC and EUROC, has today announced it has filed applications in France to become both a licensed Electronic Money Institution (demande d'agrément en qualité d'établissement de monnaie électronique) and a registered Digital Asset Service Provider (DASP) (demande d'enregistrement en qualité de prestataire de services sur actifs numériques) under the rigorous requirements set out by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Autorité des Marchés Financiers (AMF). Circle's intent to pursue full approval from the AMF could make it the first company to receive full authorisation under the DASP regulatory regime.
- Circle's intent to pursue full approval from the AMF could make it the first company to receive full authorisation under the DASP regulatory regime.
- This move signifies Circle's commitment to expanding its operations in Europe, where France would become a key hub for the company's operations.
- Registration with the AMF will enable Circle to offer a suite of products and services to customers in France in full compliance with local regulations.
- "We are delighted and honored that Circle chose France as the base for the development of its activities in Europe.