After Malta, France is the first country to adopt a legal framework dedicated to digital assets service providers.
All DASPs targeting the French market will be affected.
DASPs operating currently will have 12 months to comply.
While this regime is attractive, it requires the implementation of a number of measures in order to continue to benefit from the French market.
However, compliance with these rules also presents interesting opportunities to benefit from legal certainty and safe access to almost the entire European market.
1. Which DASPs are affected?
The regime adopted in France applies to companies carrying out one of these activities:
- custodian wallet providers;
- crypto2fiat exchanges;
- crypto2crypto exchanges;
- trading platforms;
- DeFi/trading platform;
- management of digital asset portfolios on behalf of third parties;
- investment consulting;