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BTC
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ETH
$3,504.32
5.20%
BNB
$695.84
1.90%
USDT
$0.9994
0.08%
XRP
$2.33
7.49%
SOL
$196.99
6.09%
DOGE
$0.3356
7.24%
USDC
$1.00
0.04%
ADA
$0.9395
6.48%
STETH
$3,500.73
4.89%
TRX
$0.2573
2.73%
AVAX
$41.16
10.68%
WBTC
$99,828.89
3.59%
LINK
$24.71
8.93%
TON
$5.80
5.32%
SHIB
$0.00002321
6.59%
DOT
$7.55
7.65%
BCH
$475.31
7.63%
LEO
$9.41
1.84%
NEAR
$5.58
8.88%
BTC
$98,890
5.81%
ETH
$3,504.32
5.20%
BNB
$695.84
1.90%
USDT
$0.9994
0.08%
XRP
$2.33
7.49%
SOL
$196.99
6.09%
DOGE
$0.3356
7.24%
USDC
$1.00
0.04%
ADA
$0.9395
6.48%
STETH
$3,500.73
4.89%
TRX
$0.2573
2.73%
AVAX
$41.16
10.68%
WBTC
$99,828.89
3.59%
LINK
$24.71
8.93%
TON
$5.80
5.32%
SHIB
$0.00002321
6.59%
DOT
$7.55
7.65%
BCH
$475.31
7.63%
LEO
$9.41
1.84%
NEAR
$5.58
8.88%
BTC
$98,890
5.81%
ETH
$3,504.32
5.20%
BNB
$695.84
1.90%
USDT
$0.9994
0.08%
XRP
$2.33
7.49%
SOL
$196.99
6.09%
DOGE
$0.3356
7.24%
USDC
$1.00
0.04%
ADA
$0.9395
6.48%
STETH
$3,500.73
4.89%
TRX
$0.2573
2.73%
AVAX
$41.16
10.68%
WBTC
$99,828.89
3.59%
LINK
$24.71
8.93%
TON
$5.80
5.32%
SHIB
$0.00002321
6.59%
DOT
$7.55
7.65%
BCH
$475.31
7.63%
LEO
$9.41
1.84%
NEAR
$5.58
8.88%
USD

Ad
Helen Partz
Dec 20, 2024


FRENCH REGULATOR AUTHORIZES CRYPTO OPERATIONS FOR BPCE SUBSIDIARY

BPCE’s crypto subsidiary, Hexarq, is the second banking crypto outfit to receive
a nod from French regulator AMF after Société Générale’s Forge.

9020 Total views
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Update (Dec. 23, 07:30 am UTC): This article has been updated to include
interview comments from a BPCE spokesperson.

France’s financial markets regulator, Autorité des Marchés Financiers (AMF), has
approved operations of a cryptocurrency business by the French bank BPCE.

BPCE’s cryptocurrency subsidiary, Hexarq, has obtained a crypto asset service
provider (CASP) authorization, according to an official AMF notice issued on
Dec. 20.

With the approval, Hexarq is officially authorized to provide a scope of crypto
services, including crypto custody, as well as buying, selling and trading
crypto against the euro.

Hexarq receives regulatory approval to offer crypto services in France. Source:
AMF

According to online reports, BPCE’s Hexarq is all set to start offering
cryptocurrency investment services within the Banque Populaire and Caisse
d’Épargne networks in 2025.


GROUPE BPCE IS ONE OF THE 10 LARGEST BANKS IN EUROPE

Launched in January 2021, Hexarq is a digital asset service platform focused on
cryptocurrencies and tokenized real-world assets (RWAs).

Following the AMF’s authorization, Hexarq will reportedly integrate its crypto
app into BPCE’s two main banking networks, Banque Populaire and Caisse
d'Épargne, making it available for their customers.

If confirmed, BPCE’s crypto entrance will be significant to the industry, as the
banking group has 35 million customers, with assets under management peaking at
roughly 1.3 million euros ($1.3 million) by the end of September 2024.

Largest banks by assets in France in 2023. Source: Statista

Approached by Cointelegraph, BPCE hinted that its potential crypto investment
offering is still under consideration.

“Crypto assets are among the topics being considered by banks,” a spokesperson
for BPCE told Cointelegraph, adding:

> “Obtaining a license does not necessarily mean that a commercial offer will be
> proposed in 2025, given the precautions associated with this asset class, but
> it keeps all options open for any future decisions.”


HEXARQ IS THE FOURTH CRYPTO BUSINESS APPROVED BY AMF

BPCE’s Hexarq is one of a few crypto businesses that have been approved by the
French AMF so far.

According to official AMF records, there are only three other companies that
have received CASP authorization from the regulator, including Société
Générale’s crypto subsidiary, Forge, which obtained the approval in 2023.

The French AMF has approved four crypto CASPs. Source: AMF

Related: Bybit to halt crypto services in France by January 2025

The other two AMF-approved CASPs include Deblock SAS and GOin SAS, which
received their authorizations in June 2023 and September 2022, respectively.

As previously reported, AMF started accepting CASP applications in August 2024,
or about six months ahead of the Markets in Crypto-Assets (MiCA) regulations,
which are set to be fully enforced on Dec. 30.

Magazine: 13 Christmas gifts that Bitcoin and crypto degens will love

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Get critical insights to spot investment opportunities, mitigate risks, and
refine your trading strategies. Delivered every Monday


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 * #Bitcoin
 * #France
 * #Europe
 * #Regulation
 * #Companies
 * #Policy


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