Africa

Asia

Europe

Middle East

North America

South America

France

Cryptoassets & Blockchain Legal News

BTC $ 3609 1.0%
BCH $ 128 4.6%
ETH $ 119 1.68%

France

Bitcoin Exchanges need ACPR approval says regulator

January 29, 2014 by Ashley MAO

A recent statement from France’s bank regulatory body, The French Prudential Supervisory Authority (ACPR), clarifies bitcoin exchanges status in the country and points out that all exchanges require licensing.

According to ACPR exchanges are no different from any other payment service and need the Authority’s approval.

Furthermore, the statement included the standard set of warnings about cryptocurrencies lack of regulations, legal protection, high volatility, risk of abuse by criminals and potential taxation issues.

Tags: ,

More info from other sources

Ashley MAO, Coinlaw

view profile
Ashley MAO is a member of the Coinlaw team. Read more about our team.

France Latest Cryptoassets & Blockchain Legal News

Stay tuned with the legal news on blockchain & cryptoassets

Whether you are a founder gearing-up for an ICO, a token-buyer or a cryptoasset trader, subscribe to our newsletter to be informed of the latest legal developments impacting blockchain & cryptoassets in each and every jurisdiction