Share this article
French Regulator Floats 'Fast-Track' Registration for Incumbents After MiCA's Passage
European Union countries are making the transition to a tough new crypto regime set by Brussels.
Updated Apr 24, 2023, 1:36 p.m. Published Apr 24, 2023, 8:16 a.m.
Existing crypto companies could get a “fast-track regime” to new European crypto rules, France's Financial Markets Authority, or AMF, said in a statement on Friday.
France recently toughened its crypto registration procedures in the wake of crypto exchange FTX's collapse and in preparation for the European Union’s Markets in Crypto Assets law. The European Parliament voted in favor of MiCA last week, and the rules are set to take effect starting around July 2023.
STORY CONTINUES BELOW
There will now be “consideration of a possible fast-track modular licensing" between France’s existing regime, known as PSAN, and MiCA, which includes much tougher governance, consumer-protection and financial-stability rules, the AMF said.
The regulator said it will also consider how to bring provisions on reserves, conflicts of interest, custody and documentation in line with Europe.
Under MiCA, companies already registered in France – such as crypto exchanges Binance or Bitstamp – will get an extra 18 months to comply with the stricter European norms.
“These players can, during this period, continue to offer their services solely to the French public,” the AMF said. The regulator is responsible for administering one of the most advanced set of crypto rules in Europe.
Read more: High Hopes for EU’s MiCA Law With Final Vote Imminent
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments
The chief executives of firms such as Gemini and Kraken will pitch in on U.S. policy efforts through the council's future, public discussions.
What to know:
- In her final days atop the agency, Commodity Futures Trading Commission Acting Chairman Caroline Pham announced her CEO Innovation Council, replete with crypto executives.
- The names include the chief executives from Gemini, Kraken, Polymarket, Bitnomial and several others.
- The CFTC is expected to get its permanent chairman very soon when the Senate votes on the confirmation of Mike Selig, President Donald Trump's nominee.
Top Stories
