Saturday, 25 May 2024

Crypto News

Circle secures French DASP license, appoints head of operations

Circle secures French DASP license, appoints head of operations

  • Circle Secures French DASP License:
  • The licensing aligns Circle with MiCA regulation.
  • Director of European Operations and financial expert appointed to lead Circle’s compliance efforts.

In a strategic move towards strengthening its foothold in the European crypto market, Circle, a prominent stablecoin issuer, has achieved a significant regulatory milestone by obtaining a conditional Digital Asset Service Provider (DASP) license in France.

The licensing is complemented by the appointment of Coralie Billmann as the Head of French Operations, reflecting Circle’s commitment to aligning with European regulatory standards.

Circle’s European expansion

Circle’s successful acquisition of the DASP license from the French Financial Markets Authority marks a pivotal moment in the company’s European expansion. This move underscores Circle’s dedication to adhering to regulatory standards, particularly with the impending implementation of the Markets in Crypto-Assets (MiCA) regulation.

To fortify its operations and compliance efforts, Circle has strategically brought Coralie Billmann on board.

Coralie Billmann, currently the Director of European Operations and a board member at 3S Money, will assume the role of Head of French Operations at Circle. Billmann’s extensive experience in financial leadership roles, including positions at JP Morgan and PayPal Luxembourg, positions her as a valuable asset for Circle’s European strategy.

Billmann’s appointment is pivotal, not only in overseeing licensed operations in France but also in steering Circle towards compliance with the MiCA regulation. This strategic alignment with European standards signifies Circle’s proactive approach in a regulatory landscape that continues to evolve.

Circle co-founder and CEO Jeremy Allaire expressed the significance of the conditional DASP registration in France, stating:

“The granting of this conditional DASP registration in France marks an important milestone as we work to establish our European regulatory platform.”

Click Here to Read the Full Original Article at CoinJournal: Latest Bitcoin, Ethereum & Crypto News…