Hex Trust Expands Regulated Footprint in Europe
Digital asset custodian Hex Trust has received registration from France’s Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR), expanding its regulated footprint in Europe. This comes after the company received equivalent registration from Italy’s Organismo Agenti e Mediatori (OAM) in June 2020. Hex Trust can now offer digital asset custody and facilitate the buying, selling, and trading of digital assets in France and Italy. The registration in France is seen as a significant milestone for the company’s European expansion plans.
Key Points:
– Hex Trust has received registration from France’s AMF and ACPR, allowing it to provide digital asset custody and trading services in France.
– The company previously received registration from Italy’s OAM in 2020.
– This expansion is part of Hex Trust’s broader European expansion plans.
– New EU laws set to be implemented in 2024 will allow exchanges and wallet providers licensed in one EU country to operate across the entire bloc.
– France’s favorable stance towards the cryptocurrency industry, including tax cuts on crypto profits and simplified registration processes, has made it an attractive destination for crypto firms.
Hot Take
Hex Trust’s recent registration in France marks a significant step in its European expansion plans. With the ability to provide digital asset custody and trading services in both France and Italy, Hex Trust is positioning itself as a key player in the growing cryptocurrency market. The company’s success in navigating the registration processes in these countries demonstrates its commitment to regulatory compliance and its ability to meet the demands of the industry. As more favorable regulations and opportunities arise in the European Union, Hex Trust is well-positioned to capitalize on the increasing interest in digital assets.
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