France has approved a bill that includes new registration rules for cryptocurrency companies. French President Emmanuel Macron’s approval is expected within 15 days for the bill to enter into force.
The French National Assembly has approved a bill that complicates licensing rules for cryptocurrency companies. Design, Registered from July 2022 or crypto firms that want to register in the upcoming period. by 109 votes in favor and 71 against in the final stage for the approved bill to be officially enacted. macron‘s approval is awaited.
If the law passes the final stage and becomes official, stricter rules will be applied to crypto companies than in the past. These rules companies, comply with anti-money laundering activities, show customer funds reserved And reporting to regulatory bodies in line with new guidelines will have to.
However, the content of the bill, the country’s financial regulator, to the Financial Markets Authority (AMF) already registered 60 crypto firms will not apply to Binance And Bitsamp These crypto companies, including major stock exchanges such as MiCA legislation and they will continue to abide by the rules of the AMF until the possible transition of the EU’s own crypto regulations.
The French Senate softened its stance on the licensing of crypto companies operating in the country, which was stricter at first, but as a result of the pressures of the crypto money ecosystem, with another vote.