France MiCA (Markets in Crypto Assets) crypto requirements 2025

The EU's Markets in Crypto-Assets (MiCA) regulation, effective December 30, 2024, mandates that all crypto-asset service providers (ASPs / PSAN) in France obtain authorization from the Autorité des Marchés Financiers (AMF) to continue operations. France has established an 18-month transitional period, allowing existing CASPs to operate under current regulations while seeking MiCA authorization until June 30, 2026.

The Markets in Crypto-Assets (MiCA) regulation introduces a comprehensive framework for crypto-asset service providers (DASPs / PSAN) across the European Union, including France. 

Key dates for France are as follows:

June 30, 2024: Provisions related to asset-referenced tokens (ARTs) and electronic money tokens (EMTs) become applicable across the EU, including France.

December 30, 2024: MiCA regulations become fully applicable across the EU, encompassing all crypto-asset service providers (DASPs / PSAN) in France.

December 30, 2024 – June 30, 2026: France has established an 18-month transitional period during which existing CASPs can continue their operations under current regulations while seeking MiCA authorization.

How Scorechain Supports MiCA Compliance for DASPs / PSAN in France

1. Mandatory Licensing:
   In France, DASPs must comply with MiCA’s EU-wide licensing requirements and register with the Autorité des Marchés Financiers (AMF). Scorechain facilitates the licensing process by providing tools to ensure robust compliance, helping CASPs meet the high standards set by both MiCA and the AMF.
2. Enhanced Due Diligence (CDD):
   France mandates stringent customer due diligence under its existing Digital Asset Service Providers (DASPs / PSAN) framework, which aligns with MiCA. Scorechain’s tools support CASPs by wallet monitoring, transaction screening, and risk assessment, ensuring compliance with French and EU regulations.
3. Reporting Obligations:
   French DASPs / PSAN are required to report suspicious transactions to Tracfin, the country’s financial intelligence unit. Scorechain simplifies this process by enabling Suspicious Activity Reporting (SAR), ensuring compliance with MiCA and French AML requirements while reducing administrative burdens.
4. Internal Controls:
   French DASPs / PSAN must implement comprehensive internal controls to manage AML and counter-terrorism financing (CFT) risks. Scorechain’s platform allows DASPs / PSAN to design and enforce effective compliance workflows, aligning with MiCA’s requirements and France’s specific regulatory framework.
5. Regulatory Oversight:
   Scorechain provides real-time compliance insights and detailed reporting dashboards, giving the AMF and Tracfin the data needed for effective supervision. This transparency helps DASPs / PSAN demonstrate adherence to MiCA while building trust with French regulators.

Why Scorechain is Ideal for French DASPs / PSAN

By leveraging Scorechain’s AML solutions, CASPs in France can:

• Seamlessly integrate MiCA and AMF requirements into their operations.
• Automate due diligence and transaction monitoring to mitigate compliance risks.
• Build confidence with regulators and customers through transparent compliance practices.

Scorechain empowers French DASPs / PSAN to navigate MiCA and the AMF’s regulatory requirements effectively, ensuring compliance while fostering growth and innovation in the French crypto market.

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