Stablecoin Issuer Circle Obtains Regulatory Licensure in France
Circle, the stablecoin issuer, has received digital asset regulatory licensure in France and has appointed a new Head of French Operations. The company has obtained conditional registration as a Digital Asset Service Provider (DASP) from the French Financial Markets Authority. Coralie Billmann, currently serving as the Chief Operating Officer of Europe and board member for 3S Money, will step into the role of Head of French Operations.
Circle Strengthens Compliance to European Standards
This move enhances Circle’s compliance with European standards, particularly regarding Markets in Crypto-Assets (MiCA) regulation. MiCA is a legal framework for crypto asset firms operating within the European Union. Billmann’s responsibilities will include ensuring Circle’s readiness for MiCA compliance and overseeing licensed operations in France.
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!
Jeremy Allaire Comments on Milestone Achievement
Circle co-founder and CEO Jeremy Allaire expressed his enthusiasm about the conditional DASP registration in France. He stated that this achievement marks an important early milestone as Circle establishes its European regulatory platform. Allaire believes that Billmann’s market expertise and leadership will play a crucial role in advancing Circle’s regulatory efforts and strengthening their connections in France.
About the Author
MK Manoylov has been a reporter for The Block since 2020, covering various crypto news topics. With a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP), MK has extensive experience in reporting on health-related subjects for WebMD and Insider.
Hot Take: Circle Expands Regulatory Footprint with French Licensure
Circle’s acquisition of digital asset regulatory licensure in France demonstrates its commitment to complying with European standards and regulations. This milestone allows Circle to expand its operations in France, with Coralie Billmann leading the way as the Head of French Operations. With her expertise and experience, Billmann will ensure Circle’s readiness for compliance with Markets in Crypto-Assets (MiCA) regulation and strengthen the company’s connections within the French market. Circle’s proactive approach to regulatory compliance positions it as a trusted player in the cryptocurrency industry.
