Circle is applying to become a cryptocurrency provider in France and has currently obtained an electronic money license

ChainCatcher news, according to CoinDesk, USDC issuer Circle is applying to register as a cryptocurrency provider in France and has already obtained an electronic money provider license. The registration requires the company to undergo checks for governance and anti-money laundering protocols. Circle also stated that it hopes its euro stablecoin EUROC will comply with the EU's Markets in Crypto-Assets (MiCA) regulations, which require issuers of cryptocurrencies pegged to fiat currencies to hold reserves and impose limits on transactions matching foreign currencies like the US dollar.

It is reported that the registration conditions for cryptocurrency companies in France will tighten in January 2024, and newly applying companies must meet additional requirements regarding internal controls, cybersecurity, and conflicts of interest. (Source link)