Circle's France Unit Wins AMF Approval to Provide Stablecoin Custody and Transfers Across the EEA

Circle's French subsidiary, Circle Internet Financial Europe SAS (Circle France), has received formal authorization from France's Autorité des Marchés Financiers (AMF) on April 20 to offer custody and transfer services for its stablecoins USDC and EURC throughout the European Economic Area (EEA), Crowdfund Insider reported. The approval is granted under Article 60(4) of the EU's Markets in CryptoAssets Regulation (MiCA), enabling Circle France to use the "passporting" mechanism. As a result, customers in all EEA member states can access these services without additional local licensing. Circle said it is the largest compliant issuer of electronic money tokens (EMTs) under MiCA in the EU. The newly authorized offering covers secure storage and management of customer crypto assets, alongside transfer functionality designed to facilitate asset movements. Dante Disparte, Circle's Chief Strategy Officer and Head of Global Policy and Operations, said the authorization underscores the company's commitment to operating within Europe's regulatory framework and supporting the development of trusted digital financial infrastructure in France and across the EU. The approval follows Circle's earlier authorization as an electronic money institution in France.