The firm behind USDC stablecoin, Circle, has announced receiving conditional registration as a Digital Asset Service Provider (DASP) from the French Financial Markets Authority (AMF).
In a demonstration of commitment to France, Circle has chosen Coralie Billmann, a seasoned payments industry veteran, to lead its licensed operations in the country, pending regulatory approval.
Jeremy Allaire, Circle’s CEO, said, “With Coralie Billmann joining Circle, her deep market expertise and leadership will be instrumental in furthering our regulatory efforts and deepening our connections in France.”
The company aims to obtain an Electronic Money Institution license to start operations, lifting registration conditions. Billmann, a payments industry veteran, formerly contributed to 3S Money Club and held roles at JP Morgan and PayPal.
Circle is working towards comprehensive EU oversight by securing DASP and Electronic Money Institution licenses, adhering to ACPR standards, and anticipating the upcoming MiCA regime.
Circle’s conditional registration as a Digital Asset Service Provider in France, coupled with the appointment of Coralie Billmann, underscores their commitment to regulatory compliance and strategic growth in the European market.
