French Financial Regulator Supports Faster Mandatory Licensing for Crypto Firms

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French Financial Regulator Supports Faster Mandatory Licensing for Crypto Firms
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Canada's HiveBlockchain earned the equivalent of 184 BTC through grid balancing activities in December, whereas it mined 213.8 BTC. egrecehee reports.

France’s financial markets authority wants to force crypto companies to seek a license if they aren’t already registered in the country, its chair Marie-Anne Barbat Layani said on Monday., which would mandate crypto firms to seek some of regulatory recognition in anticipation of the European Union's new Markets in Crypto Assets regulation by Oct. 1, 2023.

“The AMF, like the parliament, calls for an accelerated move to a regime of obligatory licensing for non-registered providers” of crypto services, Barbat-Layani said at an event, according to aA number of prominent companies, including Binance, have registered with the AMF. The registration involves checks on companies' governance and compliance with anti-money laundering rules. No provider has yet been issued a license, a voluntary procedure set out under French law.

In an article published for Le Figaro newspaper, France’s Deputy Central Bank Governor Denis Beau said it would be “

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