France Boosts AML Checks on Crypto Exchanges
France’s ACPR tightens AML rules on crypto firms like Binance amid MiCA compliance efforts.
- France’s ACPR strengthens AML checks for crypto exchanges.
- Part of the EU’s MiCA regulatory implementation.
- Binance and Coinhouse are under review by regulators.
France’s financial watchdog, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), is ramping up its anti-money laundering (AML) checks on crypto exchanges. This move comes as part of the European Union’s broader push to regulate digital assets under the Markets in Crypto-Assets (MiCA) framework.
The ACPR’s latest efforts focus on ensuring crypto firms meet strict AML standards before they receive official approval under MiCA. These tighter checks are seen as a critical step to align national crypto oversight with EU-wide standards.
Major Exchanges Face Regulatory Review
Two major names in the crypto space—Binance and Coinhouse—are currently under review by the ACPR. Although both companies are already registered as Digital Asset Service Providers (DASPs) in France, they must now undergo a more rigorous vetting process to maintain their operations under the new MiCA rules.
Binance, the world’s largest crypto exchange, has already faced regulatory challenges in several countries. In France, its status under MiCA depends heavily on the outcome of the ACPR’s review. Coinhouse, a local crypto platform, is also navigating this compliance process.
This increased scrutiny highlights France’s intention to lead in crypto regulation within the EU, ensuring financial stability and consumer protection while fostering innovation.
MiCA Brings a New Compliance Era
The MiCA regulation, which will apply across all EU member states, sets a unified legal framework for crypto-asset issuance and service provision. It introduces licensing requirements, consumer safeguards, and AML obligations for all crypto companies operating in the EU.
By tightening AML checks now, France is setting a precedent for how other EU countries may implement MiCA. For crypto businesses, it signals a shift toward greater transparency, accountability, and regulatory alignment.
