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5 Aug 2026 Last logged Bybit Cold Wallet Compromise, February 2025
Jurisdiction · · 1 min read · 111 words ·As of

Crypto Rules in France

France built the PSAN registration regime under the AMF before MiCA, and now operates within the EU framework while retaining the AMF as national supervisor.

Regulator(s) Autorité des marchés financiers (AMF) and Autorité de contrôle prudentiel et de résolution (ACPR)

Conisec Staff
Written by Conisec Staff Editorial standards Newsroom
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At a glance

IS TRADING LEGAL
Yes. Trading is lawful through registered and authorised providers.
LICENSING REGIME
France operated a national regime for digital asset service providers (PSAN) registered with the AMF, which now sits within the EU-wide MiCA framework.
TAX TREATMENT
Disposals by individuals are generally brought into a flat-rate regime for movable capital, with different treatment for activity carried on professionally.
REPORTING DUTIES
Registered providers are subject to AML/CFT obligations supervised by the ACPR alongside AMF conduct supervision.
MOST RECENT CHANGE
The substantive question in France is now the transition of nationally registered PSANs into MiCA authorisation, and the AMF publishes the register of who holds what.

A national regime absorbed into a European one

France was among the first EU member states to build a dedicated regime, registering digital asset service providers with the AMF and setting conduct and AML expectations before any European instrument required it. That national scheme is now the on-ramp to the EU-wide framework rather than a parallel to it.

What to check

The AMF publishes the register, and the useful distinction is between a provider that was nationally registered and one authorised under the European regime — those are different statuses with different scope, and a firm’s marketing will not reliably tell you which it holds. See the European Union entry for the framework itself.

Sources

  1. Autorité des marchés financiers, Digital asset service providers register (1 Jan 2026)

Not legal or tax advice. This is a summary of published rules, not legal or tax advice. Rules change; check the primary sources linked above.

Last reviewed by Conisec Staff. Review cadence: Quarterly.

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