French National Assembly Votes for Tougher Registration Rules for Crypto Firms

France is hoping to set itself up as a crypto hub, and companies such as Binance and Bitstamp have already successfully registered with France’s Financial Markets Authority (AMF). Registration involves checks on governance and money laundering norms, and is mandatory for all those offering trading or custody services in the country. No firm has so far gained a license, a more burdensome procedure than registration of complying with financial norms.

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