Summary
- BPCE bank has announced that it has secured a virtual asset business operation license from the French financial market regulator.
- As a result, BPCE's subsidiary Hexarq can now offer virtual asset custody and services for buying, selling, and trading virtual assets in euros.
- BPCE, being one of the top 10 banks in Europe with 35 million customers, is expected to have a significant impact on the virtual asset market.
The French financial market regulator, the Autorité des marchés financiers (AMF), has approved the virtual asset (cryptocurrency) business operations of BPCE bank.
According to a report by Cointelegraph on the 20th (local time), the AMF announced, "We have approved the virtual asset service provider (CASP) license for BPCE's virtual asset subsidiary, Hexarq."
With this approval, Hexarq is officially able to provide services such as virtual asset custody, and the purchase, sale, and trading of virtual assets in euros. BPCE Group is one of the top 10 banks in Europe, with approximately 35 million customers.
YM Lee
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