France Welcomes Crypto Companies Seeking Refuge From US Regulators

French officials have been touting a regulatory framework that offers relative predictability for crypto companies, especially those fleeing regulatory uncertainty in the U.S.

What Happened: France currently boasts around 74 registered crypto companies. That number could surge to 100 as firms seek to anticipate the EU’s Markets in Crypto Assets rules, which were formally signed off by ministers on Tuesday.

Benoît de Juvigny, Secretary General of the Autorité des Marchés (AMF), indicated that France would "welcome American players" looking to “benefit, in the very short term” from the French regime and, from the start of 2025, from European arrangements, CoinDesk reported.

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Why It Matters: France had “good relations and discussions” with its U.S. counterparts, Juvigny added.

This offer could be tempting for crypto firms as they continue to navigate the shifting regulatory landscape in the U.S., where the U.S. Securities and Exchange Commission is cracking down on crypto exchanges.

Crypto exchanges offer a wide range of options for buying and selling cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USD.

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