BPCE’s crypto subsidiary, Hexarq, is the second banking crypto outfit to receive a nod from French regulator AMF after Société Générale’s Forge.
France’s financial markets regulator, Autorité des Marchés Financiers (AMF), has approved operations of a cryptocurrency business by the French bank BPCE.
BPCE’s cryptocurrency subsidiary, Hexarq, has obtained a crypto asset service provider (CASP) authorization, according to an official AMF notice issued on Dec. 20.
With the approval, Hexarq is officially authorized to provide a scope of crypto services, including crypto custody, as well as buying, selling and trading crypto against the euro.
