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Hex Trust Expands Regulated Footprint in Europe With Digital Asset Custody Registration in France

Hong Kong-based digital asset custodian, Hex Trust, has obtained registration from France's financial regulatory bodies, allowing it to offer digital asset custody, buying, selling, and trading in France and Italy. This registration is a significant milestone for Hex Trust's expansion plans in Europe, as it should make it easier to obtain necessary registrations and permissions across the EU.

The move comes as France emerges as a favored destination for cryptocurrency firms due to its welcoming stance towards the industry, including tax cuts on crypto profits and simplified registration processes with financial watchdogs. Additionally, new EU laws set to take effect in 2024 will allow exchanges and wallet providers licensed in one EU country to operate across the 27-nation bloc.

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