Regulatory Bodies
Operating Models
0/9 verdictsCan specific business models operate in France? Each card answers the operational question for one kind of operator. Curated cells reflect counsel-grade review; AI-generated cells should be confirmed before relying on them.
No verdict yet — falls back to topic articles below.
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Primary Legislation
| Law / Regulation | Year | Scope |
|---|---|---|
| MiCA Regulation (EU) (2023) | 2023 | MiCA Regulation (EU) (2023) — CASP authorization, comprehensive crypto regulation |
| Loi PACTE | 2019 | PACTE Law (Loi PACTE) (2019) — Prior PSAN/DASP regime — EU's most mature pre-MiCA framework, replaced by MiCA |
| **Ordinance No. 2016-1635 (December 2016)**: Added crypto platforms to AML oblig | 2016 | **Ordinance No. 2016-1635 (December 2016)**: Added crypto platforms to AML obligations under Article L.561-2 of the Mone... |
| **Ordinance No. 2017-1674 (effective December 8, 2017)**: Enabled blockchain reg | 2017 | **Ordinance No. 2017-1674 (effective December 8, 2017)**: Enabled blockchain registration for unlisted securities.[1] |
| Act No. 2019-486, May 22, 2019 | 2019 | **PACTE Act (Act No. 2019-486, May 22, 2019)**: Introduced DASP registration with AMF and ICO framework; foundation for ... |
| **French adaptations to MiCA**: Order (October 15, 2024), Decree (February 21, 2 | 2024 | **French adaptations to MiCA**: Order (October 15, 2024), Decree (February 21, 2025), Law (April 30, 2025); replaced DAS... |
| **DAC8 implementation (Finance Bill 2025, effective January 1, 2026)**: Requires | 2025 | **DAC8 implementation (Finance Bill 2025, effective January 1, 2026)**: Requires CASPs and tied providers to report user... |
Licensing Requirements
AMF — CASP authorization — most experienced EU NCA for crypto. Circle chose France for EU MiCA authorization.
AML/KYC Requirements
No verified facts yet. 9 unverified fact(s) in explorer
Travel Rule
No verified facts yet. 1 unverified fact(s) in explorer
Tax Reporting
No verified facts yet. 1 unverified fact(s) in explorer
Custody Requirements
Custody regulation data collection in progress.
Stablecoin Regulation
Stablecoin regulation data collection in progress.
Securities Classification
Securities classification data collection in progress.
Sanctions & Restrictions
Sanctions data collection in progress.
Research & Articles
Regulatory Forecast
high confidenceLikely new licensing requirements expected around 2026-11-08
Based on 16 historical regulatory events for France, averaging every 204 days, with increasing regulatory activity.
Recent Updates
**EU Fifth AML Directive (5AMLD)**: Implemented in France in January 2020, requiring AML/CFT policies, CDD, and regis...
**EU Fifth AML Directive (5AMLD)**: Implemented in France in January 2020, requiring AML/CFT policies, CDD, and registration for all crypto firms serving French clients.[3]
**Banque de France (BdF)**: Monitors stablecoins used as payment means and specific DLT setups; coordinates with AMF/...
**Banque de France (BdF)**: Monitors stablecoins used as payment means and specific DLT setups; coordinates with AMF/ACPR.[4]
**AML/CFT for CASPs (since December 30, 2024)**: Mandates KYC, transaction monitoring, and sanctions compliance.[4]
**AML/CFT for CASPs (since December 30, 2024)**: Mandates KYC, transaction monitoring, and sanctions compliance.[4]
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