Do you want to obtain approval as a Digital Asset Service Provider (DASP)? Or to know in which cases registration with the AMF is mandatory? Or which rules apply to services in crypto-currencies or tokens from an initial coin offering (ICO)? You will find all the information about the subject here.
An actor may be considered a Digital Asset Service Provider (DASP) if it provides at least one of the following services for digital assets:
If you provide services of digital asset custody and/or buying or selling digital assets for legal tender in France, you must register with the AMF. To do so, you must have an establishment in France. The registration procedure is mandatory. The AMF will check that you comply with the regulations on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT). The AMF will collect the assent of the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
The AMF will publish a list of registered DASPs on its website.
NB: DASPs already in existence on 18 December 2019 have 12 months within which to register. After this date, the new DASPs must be registered before providing any services.
The list of the items required to compile your registration application can be found in the following texts:
Do you have any questions about how to prepare your application file? Contact us by e-mail: psan [at] amf-france.org
You would like to submit a registration application file. Before you submit your application file, one or more meetings will be organised. Contact us by e-mail: psan [at] amf-france.org.
If you provide one or more digital asset services and your company is established in France, you may apply for an approval by the AMF. In this case, you must comply with certain requirements in terms of organisation, business conduct and financial resources. The AMF will publish a list of approved DASPs on its website.
The list of the items required to compile your approval application can be found in the following texts:
The AMF staff are at your disposal to help you compile your application file. Contact us by e-mail: psan [at] amf-france.org
Before you submit your application file, one or more meetings will be organised. Contact us by e-mail: psan [at] amf-france.org
The authorised DASP must either have professional indemnity insurance or a minimum amount of own funds. It must also have:
The approved DASP must:
comply with the specific requirements for the services provided.