Circle Wins Conditional Approval to Provide Digital Asset Services in France

Circle, the stablecoin issuer, has obtained conditional registration as a digital asset service provider from France's Financial Markets Authority (AMF). To fully operate in France, Circle needs an electronic money institution license, which it has already applied for. France has been actively encouraging crypto companies to establish themselves in the country due to its clear regulatory framework and the upcoming implementation of the Markets in Crypto Assets (MiCA) legislation in the European Union.