France Contemplating Regulatory Framework for Cryptocurrency Intermediaries

France is considering enacting the country’s very first regulatory framework governing crypto-asset intermediaries. The move will require fiat-to-cryptocurrency exchanges as well as custodians of cryptographic keys to undergo a mandatory AMF registration. 

Getting Serious About Cryptocurrencies

France is one of the more active members of the European Union when it comes to cryptocurrency regulations. The country introduced its own regulations governing the field of initial coin offerings (ICOs) earlier in September and is now reportedly considering an amendment which would put cryptocurrency exchanges and other entities in the field under the legislative purview of its financial watchdog.

It’s also important to note that the proposed amendment sets forth a fairly broad definition of the term “crypto-asset”. According to it, this is an intangible digital asset which incorporates rights and can be issued, registered, held, as well as transferred on a distributed ledger…