As legal regulations for the cryptocurrency market continue to be a hot topic, governments around the world are taking significant steps, and crypto companies are not far behind with noteworthy actions. Circle, a stablecoin issuer, has recently acquired a crypto asset regulation license in France and has included a new French Operations Head into its team.
Circle announced that it received a conditional Digital Asset Service Provider (DASP) license from the French Financial Markets Authority. Coralie Billmann, currently serving as the European Operations Director and a board member of the global commercial account and payment firm 3S Money, has been appointed as the Head of France Operations.
This move signifies Circle’s increasing compliance with European standards, particularly in light of the Crypto Asset Markets (MiCA) regulation, which provides a legal framework for crypto asset companies interacting with markets within the European Union. Billmann will lead the licensed operations in France and also assist Circle in preparing for MiCA compliance.
Circle’s co-founder and CEO, Jeremy Allaire, highlighted the importance of the conditional DASP registration in France as a significant milestone in establishing their European regulatory platform. He also emphasized that Billmann’s deep market expertise and leadership would be instrumental in advancing their regulatory efforts and deepening their connections in France.
According to Billmann’s LinkedIn profile, the renowned executive has previously led Payment High Growth Technology Sales at JP Morgan and served as the EMEA Treasurer for PayPal Luxembourg. Billmann’s appointment to her new role at Circle is pending regulatory approval.
Regulatory issues between crypto companies and European Union countries remain a persistent topic. Following the FTX bankruptcy, the European Union has continued to take significant steps regarding crypto companies, leading to Binance deciding to cease its services in several European countries.