Circle France, a subsidiary of Circle Internet Financial Europe SAS, has received formal authorization from the French Financial Markets Authority (AMF) to provide custody and transfer services for its stablecoins USDC and EURC across the European Economic Area (EEA). According to ChainCatcher, this authorization, granted under Article 60, Paragraph 4 of the EU's Markets in Crypto-Assets Regulation (MiCA), allows Circle France to operate through a 'passport mechanism.' This means customers in EEA member states can access these services without needing additional local licenses. Circle is the largest compliant issuer of electronic money tokens (EMT) under MiCA regulation in the EU. The authorized custody services include the secure storage and management of customers' crypto assets, while the transfer function supports seamless asset movement. Dante Disparte, Circle's Chief Strategy Officer and Head of Global Policy and Operations, stated that this milestone reflects Circle's commitment to operating within the European regulatory framework and supporting the development of trusted digital financial infrastructure in France and the EU. This authorization builds on Circle's previous qualification as an electronic money institution in France.
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