The French regulator AMF has granted a license to Circle’s local subsidiary for the custody and transfer of USDC and EURC stablecoins. This decision marks a significant step in integrating digital assets into the regulated legal framework of the European Union.
Compliance with Strict MiCA Standards
The issued license complies with the requirements of the European MiCA regulation, which obliges digital asset issuers to adhere to strict rules on user protection and reserve management. Circle has demonstrated its ability to meet all requirements regarding transparency and financial stability.
Previous Step and Strengthened Position in the EU
Previously, the company obtained an Electronic Money Institution (EMI) license from the French authority ACPR. This step strengthened Circle’s position in the European Union, allowing the company to offer a broader range of financial services in France and other bloc countries.
Infrastructure Development and New Products
In parallel, Circle is actively developing infrastructure for global settlements through its CPN service. The company is also expanding its product lineup by introducing cirBTC, a token backed by Bitcoin. These innovations aim to attract institutional investors and expand the digital payments ecosystem.
Strategic Commitment to European Legislation
Obtaining the French licenses confirms the company’s commitment to European legislation as part of its development strategy. Circle intends to continue pursuing the legalization and scaling of its services in strict compliance with local and supranational regulations.