The Autorité des Marchés Financiers (AMF) is imposing new fees on crypto service providers authorized in France. This move could heavily impact a sector already tightly regulated by European MiCA legislation.
Mandatory Contributions for All Crypto Service Providers
It is now official: the AMF imposes a new financial charge on French crypto companies. This measure arises directly from the integration of the European MiCA regulation into French law, impacting both exchange platforms and digital asset custodians. The regulator will require a fixed annual tax of €10,000 for all authorized cryptocurrency service providers operating in the territory.
Transition to PSCA Regime by 2026
This reform is part of a broader upheaval in the French regulatory framework. Since December 30, 2024, holders of the PSAN accreditation (Service Provider on Digital Assets) are expected to change their status to PSCA (Service Provider on Crypto-Assets). This transition is not optional, and companies must complete the necessary procedures by June 30, 2026.
Competitive Conditions for the French Crypto Sphere
These new taxes come as the United States, under the influence of Donald Trump, seems to be adopting a more favorable approach to the crypto sector. The American president is organizing a historic summit on March 7, gathering leading names of the industry at the White House. The French crypto industry faces increasingly tight operating conditions, which aim to professionalize the sector but may affect its international competitiveness.
The introduction of new AMF fees marks a significant shift in the regulation of the crypto industry in France. It is likely to impact its future development and competitiveness in the international market, especially considering parallel changes in the US.
