France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n
In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n
The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n
In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n
The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
He pointed out that an event that is believed to potentially have a negative impact on USDT could be more bullish than bearish.<\/p>\n","post_title":"Tether\u2019s Potential Delisting In The EU Creates Market FUD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tethers-potential-delisting-in-the-eu-creates-market-fud","to_ping":"","pinged":"","post_modified":"2025-01-11 05:51:24","post_modified_gmt":"2025-01-10 18:51:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=20003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19437,"post_author":"1","post_date":"2024-11-10 23:00:07","post_date_gmt":"2024-11-10 12:00:07","post_content":"\n Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\n See Related: <\/em><\/strong>France Regulator Launches MiCA Licensing Ahead Of EU Peers<\/a><\/p>\n\n\n\n \u201cWe have evaluated the necessary characteristics for a CBDC and identified potential applications,\u201d Norges Bank mentioned. \u201cWe have also analyzed the impact a CBDC can have on banks, financial stability, and monetary and liquidity policy. Furthermore, we have explored the necessary legislative changes that need to be put in place in order for a CBDC to be introduced.\u201d<\/em><\/p>\n\n\n\n One major aspect of the CBDC debate involves privacy issues. While MiCA aims to standardize the crypto market across the EU, it has also raised concerns about potential systemic risks, particularly for stablecoins.<\/p>\n\n\n\n Norway\u2019s stance on MiCA and its cautious consideration of a CBDC highlight a broader trend among central banks globally, seeking to balance innovation with financial stability. The country has aligned with EU policies and is exploring digital currency solutions.<\/p>\n\n\n\n \u201cAmong other things, we have established and tested a prototype based on so-called blockchain technology. This is the same technology underlying the most well-known crypto-assets,\u201d <\/em>Norges Bank added.<\/p>\n","post_title":"Norway Considers MiCA Adoption, Explores CBDC For Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"norway-considers-mica-adoption-explores-cbdc-for-payments","to_ping":"","pinged":"","post_modified":"2024-11-10 23:00:18","post_modified_gmt":"2024-11-10 12:00:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18093,"post_author":"1","post_date":"2024-08-04 18:55:59","post_date_gmt":"2024-08-04 08:55:59","post_content":"\n France has taken a pioneering step in crypto regulation within the European Union. The Autorit\u00e9 des March\u00e9s Financiers (AMF) began accepting applications for Crypto Asset Services Provider (CASP) licenses on July 1, positioning France as the first major EU economy to do so, Coindesk reported. This move comes ahead of the broader implementation of the Markets in Crypto Assets (MiCA) regulations, set to take effect by the end of the year.<\/p>\n\n\n\n The AMF's stance<\/a> is a significant development in the EU's regulatory landscape. On Friday, the French markets regulator highlighted ten key aspects of MiCA legislation that will become effective on December 30. These include provisions for the custody and administration of crypto-assets on behalf of clients and the operation of crypto-asset trading platforms.<\/p>\n\n\n\n The Markets in Crypto Assets (MiCA) regulation represents a comprehensive framework designed to standardize crypto-asset regulation across the EU. By July 2026, all companies offering crypto services in the European Union will need to be licensed under this regime. The AMF's early adoption of MiCA licensing is part of the effort to ensure a smooth transition for crypto companies operating in France and those looking to enter the EU market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Coinbase Approved As Virtual Asset Provider in France<\/a><\/p>\n\n\n\n France's early acceptance of MiCA applications is expected to set a precedent for other major EU economies, such as Germany, Italy, and Spain, which have not yet made official announcements regarding the process. The AMF's proactive approach is likely to attract more crypto companies to France, providing a competitive edge in the burgeoning European crypto market.<\/p>\n\n\n\n In its website post, the AMF outlined the initial requirements and procedures for obtaining a CASP license. These include ensuring compliance with anti-money laundering (AML) regulations, maintaining adequate security measures for customer assets, and providing transparent operational practices.<\/p>\n\n\n\n The introduction of MiCA is a pivotal moment for the European crypto market. It aims to provide legal certainty, protect consumers, and foster innovation within the crypto industry. France's early adoption of the MiCA licensing process demonstrates its commitment to being at the forefront of crypto regulation in Europe.<\/p>\n","post_title":"France Regulator Launches MiCA Licensing Ahead Of EU Peers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"france-regulator-launches-mica-licensing-ahead-of-eu-peers","to_ping":"","pinged":"","post_modified":"2024-08-04 18:56:07","post_modified_gmt":"2024-08-04 08:56:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cUSDT is the largest stablecoin, with a market cap of $138.5B and a daily trading volume of $44B. As of today, 80% of USDT's trading volume comes from Asia, so the EU delisting won\u2019t have any severe impact,\u201d <\/em>Bitblaze said.<\/p>\n\n\n\n He pointed out that an event that is believed to potentially have a negative impact on USDT could be more bullish than bearish.<\/p>\n","post_title":"Tether\u2019s Potential Delisting In The EU Creates Market FUD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tethers-potential-delisting-in-the-eu-creates-market-fud","to_ping":"","pinged":"","post_modified":"2025-01-11 05:51:24","post_modified_gmt":"2025-01-10 18:51:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=20003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19437,"post_author":"1","post_date":"2024-11-10 23:00:07","post_date_gmt":"2024-11-10 12:00:07","post_content":"\n Norway is the latest to express support for the European Union\u2019s crypto regulation (MiCA), now evaluating the adoption of a central bank digital currency (CBDC). Norges Bank expressed interest in the regulation and the potential adoption of CBDC to strengthen financial stability and improve cross-border payment systems, Cointelegraph reported<\/a>.<\/p>\n\n\n\n Norway, a member of the European Economic Area (EEA), closely follows EU regulations, including the MiCA regulation. MiCA regulatory framework seeks to bring clearer rules to the crypto market. However, Norges Bank has yet to decide on issuing the digital asset, but it maintains that digital currency is a potential tool for enhancing cross-border payments.<\/p>\n\n\n\n In 2023, Norges Bank reportedly participated in \u201cProject Icebreaker,\u201d a trial aimed at testing new retail CBDC architectures for cross-border transactions. This initiative is part of the bank's ongoing exploration of digital currencies, even as it remains undecided about whether to proceed with full implementation.<\/p>\n\n\n\nImplications For The Crypto Industry<\/h2>\n\n\n\n
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