In order to harmonize local laws with proposed European Union (EU) standards, the French National Assembly has passed a bill requiring stricter licensing rules for new cryptocurrency firms. The bill requires cryptocurrency service providers based in France to follow stricter anti-money laundering rules, demonstrate that customer funds are segregated, follow new guidelines for reporting to regulators, and provide more detailed risk and conflict of interest disclosures. Binance is among the Top 100 crypto heroes and villains, having recently begun testing in-store payments in France.
France on the verge of passing stringent crypto firm licensing laws
