France Attracts Crypto Firms Fleeing US
PARIS, FR – France is emerging as a favorable destination for crypto companies seeking regulatory clarity amidst the uncertain landscape in the U.S. France has already received 74 registered crypto companies, which is expected to reach 100 soon.
Transitional measures introduced this year will require companies applying from July to undergo a "reinforced" registration, which includes proving resilient IT systems and a conflict of interest policy. Europe’s MiCA rules, effective from 2025, grant companies the right to serve the pan-European market and expand their services to include crypto investment, advice, and portfolio management.
In contrast to the United States, where regulatory enforcement is active and a comprehensive crypto law is lacking, France offers a stable and predictable environment.
