Circle, a leading stablecoin issuer, has achieved a significant regulatory milestone by obtaining a conditional Digital Asset Service Provider (DASP) license in France, aligning with the impending implementation of the Markets in Crypto-Assets (MiCA) regulation. Additionally, Coralie Billmann has been appointed as the Head of French Operations to lead Circle’s compliance efforts.

Circle’s European Expansion

This strategic move underscores Circle’s commitment to adhering to regulatory standards and fortifying its operations in the European crypto market. The acquisition of the DASP license from the French Financial Markets Authority is a pivotal moment in the company’s European expansion.

Furthermore, the appointment of Coralie Billmann, an experienced financial expert, reflects Circle’s proactive approach in the evolving regulatory landscape in Europe.

Jeremy Allaire, Circle co-founder and CEO, emphasized the importance of the conditional DASP registration, stating: “The granting of this conditional DASP registration in France marks an important milestone as we work to establish our European regulatory platform.”

Circle’s Compliance Efforts

Billmann’s appointment as the Head of French Operations alongside the acquisition of the DASP license signifies Circle’s dedication to aligning with European regulatory standards and ensuring compliance with the MiCA regulation, strengthening its position in the European crypto market.

About Circle

Circle is a global financial technology firm that offers blockchain-based payments and financial services. The company’s successful acquisition of the DASP license and the appointment of Coralie Billmann exemplify its strategic approach to expansion and compliance in the European market.

FAQs

What is a DASP license?

A DASP (Digital Asset Service Provider) license is a regulatory requirement for entities offering crypto-asset services in France. It ensures compliance with the country’s financial regulations and demonstrates a commitment to regulatory standards.

Who is Coralie Billmann?

Coralie Billmann is a financial expert who has been appointed as the Head of French Operations at Circle. With extensive experience in financial leadership roles at companies like JP Morgan and PayPal Luxembourg, Billmann brings valuable expertise to Circle’s compliance efforts and European strategy.

What is MiCA regulation?

The Markets in Crypto-Assets (MiCA) regulation is a proposed regulatory framework by the European Union aimed at regulating crypto-assets and related services. It is designed to create a uniform set of rules for the issuance, trading, and custody of digital assets across EU member states.