French market regulator AMF announced that Axa Investment Managers has become a registered cryptocurrency service provider in France. This follows a trend of financial companies such as Binance, Bitstamp, and Societe Generale receiving regulatory approvals in the country. Cryptocompanies are now required to obtain a licence and have customer safeguards in place to sell digital tokens in the EU. Companies operating in an EU state have until January 2024 to acquire a licence without service disruption.
Source: https://www.reuters.com
