Netherlands-based cryptocurrency exchange Bitvavo has received regulatory approval from France’s Autorité des Marchés Financiers (AMF) to operate as a digital asset service provider. This allows Bitvavo to extend its services to French users. The approval comes after Bitvavo secured regulatory clearance to offer its services in Austria and expanded into Italy in 2022. CEO Mark Nuvelstijn expressed excitement about the registration with the French AMF, seeing it as a significant moment for Bitvavo. The exchange, which currently serves around 1.5 million customers in the Benelux region, aims to introduce its consumer-focused offering to the French market. This move aligns with the growing interest in cryptocurrencies among French investors, with 9% of them owning cryptocurrencies according to a recent AMF survey. Bitvavo’s cautious approach to expansion is in line with its CEO’s emphasis on focus and step-by-step growth. The exchange is also mindful of the upcoming European Union’s Markets in Crypto-Assets (MiCA) regulations, which are expected to simplify cross-border operations. Bitvavo’s expansion into France reflects the broader trend of cryptocurrency exchanges and service providers establishing a presence in the country.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇫🇷 🇦🇹 🇮🇹 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Mark Nuvelstijn |
| Companies | Société Générale, Binance, Bitvavo, Bitstamp, Autorité des Marchés Financiers (AMF) |
| Currencies | None |
| Securities | None |
