Crypto Travel Rule Regulations in France 2025

Breaking Down Travel Rule Compliance

Who Needs to Register?

All CASPs operating in France must register with the AMF (Autorité des Marchés Financiers). This involves providing comprehensive details about company operations, governance, and compliance measures.

When Did the Travel Rule Begin?

The rule officially came into effect on December 9, 2020, with a transitional period allowing existing service providers to meet requirements by June 10, 2021.

MiCA Grandfathering Period: Key Dates to Know

The Markets in Crypto-Assets (MiCA) regulation introduces a grandfathering period to help crypto service providers transition to the new regulatory framework. Businesses operating before MiCA's enforcement date in late 2024 will have until July 2026 to fully comply with its requirements. During this period, companies can continue their operations while preparing to meet MiCA’s obligations, including obtaining licenses, implementing consumer protection measures, and enhancing transparency. This phased approach provides much-needed time for service providers to adapt without disrupting their activities, ensuring a smooth shift to MiCA compliance.

Is There a Transaction Threshold?

No, France applies the Travel Rule to all cryptocurrency transactions, regardless of the amount, ensuring consistent oversight.

What Information Must Be Shared?

CASPs must collect and transmit key details for both originators and beneficiaries, such as:

• Full name and address
• Date and place of birth
• Nationality
• Account number or unique transaction ID

Self-Hosted Wallet Requirements

Transactions involving self-hosted wallets are not exempt. CASPs must apply the same AML/CTF measures, including enhanced due diligence where necessary.

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Crypto Compliance in France: Key Highlights

1. Legality of Cryptocurrency in France

Yes, cryptocurrency is fully legal. French residents can buy, sell, and hold virtual assets. The framework ensures that these activities occur within a secure and regulated environment.

2. Anti-Money Laundering Measures

DASPs operating in France must register with the Autorité des Marchés Financiers (AMF) and implement AML/CTF procedures, including:

• Verifying customer identities (KYC).
• Monitoring transactions for suspicious activity.
• Reporting unusual behavior to authorities.

3. The Travel Rule in Action

France’s enforcement of the Travel Rule requires DASPs to collect and share identifying information for senders and recipients in cryptocurrency transactions. This brings the nation into compliance with FATF Recommendation 16, a critical standard for global financial security.

4. Oversight of Cryptocurrency Activities

The AMF is the primary regulatory body in France, responsible for ensuring DASPs comply with these legal requirements and operate transparently.

Partner with Scorechain for Seamless Compliance

Navigating France’s regulatory requirements can feel complex, but it doesn’t have to be. Scorechain provides innovative solutions to help DASPs meet AML, CTF, and Travel Rule obligations with ease.

🔎 Advanced transaction monitoring to reduce risks.

📊 Comprehensive compliance tools tailored to your operations.

🤝 Support for regulatory registration with the AMF.

🔗 Integrated Travel Rule solutions for secure and efficient data sharing.

‍Ready to simplify compliance? Let Scorechain empower your business to stay ahead in France’s evolving crypto landscape. Reach out today for a consultation or demo!