France Registers a Crédit Agricole and Santander Structure as a Crypto Custodian
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June 23, 2023

CACEIS Bank, the company that manages the assets of Crédit Agricole and Santander, has just been registered with the French regulator as a cryptocurrency custodian.

The company has received digital asset service provider (DASP) status from France's Financial Market Supervisory Commission (AMF) to provide the services it claims.

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The corresponding list on the regulator's website includes regional divisions of well-known crypto players such as Binance, Luno and Bitpanda.

The French authorities adopted in March a set of new rules for licensing and registering crypto companies. The amendments turned out to be softer than previously proposed.

The AMF started in April to consider speeding up the processing of applications from supervised crypto companies to comply with the pan-European rules provided for in the MiCA law.

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