French regulator approves French BPCE banking subsidiary Hexarq to launch cryptocurrency business

PANews reported on December 20 that according to Cointelegraph, the French financial market regulator Autorité des Marchés Financiers (AMF) has approved French bank BPCE to conduct cryptocurrency business. According to an official notification issued by the AMF on December 20, BPCE’s cryptocurrency subsidiary Hexarq has obtained Crypto Asset Service Provider (CASP) authorization. Upon approval, Hexarq is officially authorized to provide a range of crypto services, including crypto custody and the purchase, sale and trading of cryptocurrencies in euros.

In addition, the official website shows that BPCE's Hexarq will begin to provide cryptocurrency investment services in the Banque Populaire and Caisse d'Épargne networks in 2025.