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French Regulator Floats 'Fast-Track' Registration for Incumbents as MiCA Rules Bed in

France's Financial Markets Authority (AMF) has announced that existing crypto companies could be given a "fast-track regime" to comply with new European crypto rules. The move comes as France tightens its crypto registration procedures in preparation for the implementation of the European Union's Markets in Crypto Assets law, MiCA, which includes tougher governance, consumer-protection, and financial-stability rules. The AMF will consider a possible fast-track modular licensing between France's existing regime and MiCA, as well as bringing provisions on reserves, conflicts of interest, custody, and documentation in line with Europe. Companies already registered in France will have an additional 18 months to comply with the higher European norms under MiCA.

(By Jack Schickler)

France MiCA
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