Coinhouse Wins First Crypto License From French Regulator

Crypto trading company Coinhouse has become the first crypto company to be registered with France’s top financial regulator, the Financial Markets Authority (AMF). The registration means Coinhouse now has a shot at getting banking services in France, which could give the firm cheaper services than the German bank it currently works with.

Securing banking services has been the “main obstacle” to the fast expansion of France’s crypto sector, said Emilien Bernard-Alzias, a Paris-based partner at law firm Simmons Simmons. A first While the law has been in place since November 2019, only one ICO and one crypto firm – Coinhouse – have achieved this status with the AMF, Bernard-Alzias said.

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