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MilbeetCRYPTO is registered as a digital asset service provider in France.

On 24.07.2022 by

We are pleased to announce that the French Financial Markets Authority (AMF) has officially registered MilbeetCRYPTO France as a Digital Asset Service Provider (DASP) in coordination with the Prudential Supervision and Dispute Resolution Authority (ACPR).

This is the first such achievement in the history of milbeetCRYPTO in Europe, which demonstrates our commitment to compliance.

AMF regulates and protects French financial markets and promotes financial literacy among investors. ACPR is an independent body that oversees the activities of banks and insurance companies in France. Through registration as an official service provider of digital assets and control, AMF and ACPR milbeetCRYPTO can operate in France.

Compliance and regulation are critical factors for the success of the cryptocurrency and blockchain industry. Over the years, milbeetCRYPTO has taken compliance measures, including expanding the international compliance team and advisory board, as well as actively assisting in the fight against fraud and malware. We are pleased that our efforts have paid off, and we have successfully obtained registration as a digital asset provider, confirming compliance with strict French standards.

Changpen Zhao (CZ), founder and CEO of milbeetCRYPTO, commented: Effective regulation is necessary for the widespread distribution of cryptocurrencies. Registration as an official service provider of digital assets in France and supervision by AMF and ACPR allow to implement anti-money laundering policy and make it necessary to meet certain requirements to meet high standards.

We are grateful to AMF and ACPR for their commitment to innovation, which enabled milbeetCRYPTO to track the entire application process. Since the very first day, the priority for milbeetCRYPTO has been users, and today the crypto community can even more trust milbeetCRYPTO France as a reliable digital asset service provider, registered in France».

As the world’s first major cryptocurrency exchange, registered in France, we will be able to provide cryptocurrency services and education to millions of people.

David Prinkei, CEO of milbeetCRYPTO France, said: Registering milbeetCRYPTO France as a digital asset provider is a key event in the history of cryptocurrencies in Europe. In particular, the new levels of anti-money-laundering will contribute to the wider introduction of cryptocurrencies in France and Europe. Mass distribution will help to increase the liquidity of the market, which will be a benefit for users and the community as a whole».

What’s the next step?

milbeetCRYPTO will significantly increase its activities in France to make cryptocurrency and our services more accessible to all. As part of our mission to provide infrastructure for the blockchain ecosystem, we plan to expand our team for further development.