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Circle wants to set up shop in Paris !

Circle, the issuer of the popular USDC stablecoin, is seeking regulatory approval from the Autorité des Marchés Financiers (AMF) in France to become a Digital Asset Service Provider (DASP). The move is part of the company’s plan to establish its European headquarters in Paris, attracted by France’s crypto-friendly stance.

Circle Establishing European HQ in Crypto-Friendly France

France has been positioning itself as a hub for Web3 technologies, and Circle’s decision to set up its European operations in the country is a validation of this strategy. According to Jean-Noël Barrot, Minister Delegate to the Ministry of Finance, France’s efforts towards innovation-forward crypto regulation are commendable and closely align with Circle’s vision for the future of the digital payments sector.

Circle’s Move to Paris Validates France’s Web3 Strategy

Jeremy Allaire, the co-founder of Circle, has praised France’s comprehensive efforts towards innovation-forward crypto regulation, stating that it closely aligns with the company’s vision for the future of the digital payments sector.

Circle to Be First Fully Registered DASP in France

Once Circle obtains AMF registration, it will become the first company to have full registration under the DASP regime. This move comes ahead of the expected release of the draft for the European Union’s Markets in Crypto Assets (MiCA) legislation on April 17. MiCA will make full registration for crypto companies in France mandatory.

France’s Crypto-Friendly Stance Contrasts with US’s Crackdown

While the United States is currently cracking down on stablecoins and cryptocurrencies, France is envisioning itself as a crypto hub. Circle’s decision to set up its European headquarters in Paris is a testament to France’s crypto-friendly stance and its ambitions to become a Web3 hub.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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