Fis token
Regulatory framework for digital assets service providers The second brick of the French legislation for markets in digital assets is the regulation of digital asset service providers to regulate the secondary market and peripheral services for subscribers of digital assets. Restrictions to dealing on own account Continuous and real-time publication of price order book. Stronger requirements will apply to transactions with self-hosted wallets, according to which transfers of more than EUR 1, between a CASP and a self-hosted wallet will be subject to the appropriate reporting requirements. So if all DASPs can � but are not forced to � ask the AMF for the optional license, crypto-custodians and crypto-fiat exchanges must register with the Authority. Registered DASPs must comply with the following provisions: honourability and competence of managers; honourability, competence and sound and careful management by individuals that have a supervisory power, and; application of Anti-Money Laundering and Combating the Financing of Terrorism AML-CFT measures.