Circle Gains French DASP Registration Boosting EU Presence

Circle, a prominent stablecoin issuer, has successfully obtained a conditional Digital Asset Service Provider (DASP) registration in France. This development, announced by the company, is complemented by the appointment of Coralie Billmann as the Head of French Operations.

Circle’s Regulatory Milestone in France

Circle’s acquisition of the DASP registration from the French Financial Markets Authority represents a significant step in its European expansion. This conditional registration underlines the company’s commitment to adhering to European regulatory standards, particularly in light of the impending Markets in Crypto-Assets (MiCA) regulation.

MiCA is a comprehensive legal framework designed to regulate crypto asset firms operating within the European Union. This framework aims to provide a harmonized regulatory environment for crypto assets, ensuring investor protection and market integrity.

As co-founder and CEO Jeremy Allaire expressed, the DASP registration marks a crucial early milestone for Circle. This move enhances Circle’s regulatory compliance and strengthens its position in the European crypto market. The registration showcases Circle’s dedication to operating within the legal frameworks set forth by European authorities, ensuring a secure and regulated environment for its users.

Coralie Billmann at the Helm of French Operations

The appointment of Coralie Billmann as the Head of French Operations is a key aspect of Circle’s strategy in France. Billmann, with her extensive experience in the financial sector, brings valuable expertise to the Circle.

Her previous roles include Chief Operating Officer of Europe at 3S Money and J.P. Morgan and PayPal Luxembourg leadership positions. Billmann’s proficiency in the European financial market and deep understanding of regulatory compliance will be instrumental in Circle’s efforts to align with MiCA regulations.

In her new role, Billmann will oversee Circle’s licensed operations in France, ensuring the company remains in step with the evolving European regulatory landscape. Her appointment, subject to regulatory approval, signifies Circle’s focus on expanding its European footprint through experienced leadership and strategic compliance.

Circle’s successful registration in France and the onboarding of a seasoned leader like Coralie Billmann indicate a growing trend of crypto firms seeking to align with European regulations. The move demonstrates the importance of regulatory compliance in the crypto industry, especially in an era where digital assets are becoming increasingly mainstream.

With MiCA regulation on the horizon, Circle’s proactive approach sets a precedent for other European crypto firms. The company’s efforts to meet the stringent regulatory requirements of the European Union exemplify its commitment to providing a secure and regulated platform for digital asset transactions.

Read Also: Phantom Wallet Integrates Bitcoin, Ordinals, and BRC-20 Tokens

✓ Share:

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.