French regulators authorize BPCE subsidiary to conduct cryptocurrency business, including crypto custody

ChainCatcher news, the French financial market regulator Autorité des Marchés Financiers (AMF) has approved the French bank BPCE to conduct cryptocurrency business.

According to the official notice released by the AMF on December 20, BPCE's cryptocurrency subsidiary Hexarq has obtained authorization as a Crypto Asset Service Provider (CASP). With this approval, Hexarq is officially authorized to provide a range of crypto services, including crypto custody, as well as the buying, selling, and trading of cryptocurrencies against euros.