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Circle, a US-based cryptocurrency startup, has reportedly obtained conditional registration from the Autorité des Marchés Financiers (AMF) in France. Per the announcement, the company has been certified to offer its crypto services to local users through its exclusive trade execution services.
As part of this registration process, the company has also appointed Tristan D’Agostano as its Operations Leader in France. D’Agostano will oversee the day-to-day operations at the Paris office as well as ensure that Circle meets the guidelines set out by the AMF. He will also be responsible for developing operational processes that ensure that Circle complies with applicable laws and regulations.
Circle’s CEO, Jeremy Allaire, stated that the registration will help provide “greater access” to French customers, as well as open the possibilities for further crypto-related services in the country. The company also aims to establish itself as a reliable and compliant partner for any users or institutions in France that wish to make use of its crypto services.
D’Agostano brings in more than 8 years of experience in financial technology and oversight positions at major European banks. He is also credited with previous roles at the Banque Paribas and Credit Agricole.
The conditional registration by the AMF marks an important milestone for Circle in France, as the country has been regarded as one of the most regressive in terms of crypto adoption and usage. Future developments in this arena should be closely monitored in the near future.