Credit Agricole’s CACEIS registers as a digital asset services provider in France

According to the AMF’s website, CACEIS registered on June 20

article-image

sylv1rob1/Shutterstock modified by Blockworks

share

CACEIS Bank, which is owned by both Credit Agricole and Santander, registered as a digital assets services provider with France’s markets regulator. 

CACEIS is the asset servicing group “dedicated to asset managers, insurance companies, pension funds, banks, private equity and real estate funds, brokers and corporate clients,” according to its website. 

Santander and Credit Agricole created CACEIS back in 2019 as a custodial bank. According to AMF’s website, CACEIS registered on June 20. It has roughly 4.6 trillion euros in assets under custody, or over $5 trillion.

France has been fairly welcoming to crypto asset providers, though it did vote to impose stricter licensing requirements under the new EU rules back in March. 

The EU recently passed MiCA, or Markets in Crypto Assets, which is the framework being used to create crypto regulation in Europe. MiCA aims to install environmental safeguards, supervisory provisions and consumer protections in the digital asset space. It requires crypto asset service providers to register with the relevant national authorities to service EU clients. 

In May, the European Securities and Markets Authority pushed for firms to register crypto products ahead of the official MiCA launch. 

Binance is also registered with the French watchdog and has been since May of last year.

However, reports suggest that Binance is now facing an investigation from French authorities.  In an email to Blockworks, the company confirmed an on-site visit from the authorities but said that it abides “by all laws in France, just as we do in every other market we operate.”


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Cover Vertex.jpg

Research

The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.

article-image

Plus, a dive into crypto’s ever-expanding unicorn club

article-image

Also, tokenization continues to grab headlines and one bitcoin miner stock soars Tuesday after inking a big deal

article-image

Fifteen million daily failed transactions disappeared from Solana

article-image

FTX debtors will pay the IRS $200M, with an outstanding lower priority claim of $685M

article-image

I’ve come to the realization that more attention is needed to create and sculpt the digital spaces where we live

article-image

The NYSE went down yesterday after a glitch caused a string of erroneous trades. Does DeFi fix this?