The French financial regulator has amended its registration requirements for cryptocurrency companies, which will take effect in January 2024

ChainCatcher news, according to CoinDesk, the French financial regulator AMF announced that France has modified its registration requirements for cryptocurrency companies to better align with the new regulations established by the EU under the MiCA framework for the industry.

These "enhanced" registration requirements will take effect on January 1, 2024, and will be enforced on "new entrants" seeking to provide any regulated services, the AMF stated. These changes will also "allow for the implementation of a fast-track procedure" to authorize companies that are already operating in the country and have been approved.

The regulator stated: "As a reminder, digital asset service providers that obtain simple registration before January 1, 2024, will enjoy a 'grandfather' clause and will continue to be subject to the framework in place before that date."