The french financial markets regulator, autorité des marchés financiers (amf), announced new measures in the adjustment of rules for crypto firms to comply with new european union regulations.
These changes, which will be implemented from next year, aim to improve registration requirements for businesses offering digital asset-related services, such as custodial and trading services.
In an announcement made on thursday, the amf revealed that it is amending its regulations and policies governing digital asset service providers (dasp) to implement “Enhanced” registration for a number of entities in the sector.
These new measures are rooted in the french law ddadue that allows the french government to modify directives from the european union, which were recently adopted earlier this year.
The ddadue clarifies some aspects of the european union’s law on crypto assets in new markets (mica).
Through this legislation, a stricter registration regime will be introduced, starting on january 1, 2024, for market participants wishing to provide certain services related to digital assets.
These services include custody management, transactions between cryptocurrencies and fiat, and crypto-to-crypto trading.
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