Yesterday, the issuer of the USDC and EURC stablecoins Circle said it received provisional approval as a Digital Asset Service Provider (DASP) from the French regulator Autorité des Marchés Financiers (AMF). Final approval is contingent on receiving an e-money license. It applied in March for the license from the Banque de France’s prudential regulator ACPR. Additionally, it announced a leader for France.
Under the European Union’s (EU) Markets in Crypto-Assets Regulation (MiCAR), registration with one EU regulator allows a provider to operate across the EU.
Circle announced Coralie Billmann will head Circle in France. She spent more than nine years at PayPal in Luxembourg as EMEA Treasurer until mid-2022. PayPal is actually registered as a bank in Luxembourg. Until last month she was COO at 3S Money, the international business payment platform. In between the two roles she worked briefly at JP Morgan on High Tech Growth sales.
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