Earlier this month, Cemexbit became a fully regulated Digital Asset Service Provider in France.
However, analysts remain skeptical about the potential of Paris as a crypto leader in Europe.

Crypto regulation is probably the most important topic of discussion across the global financial ecosystem these days. Amid LUNA and UST crashes, the need for a clear crypto regulatory framework is now more than ever before. France, the second-largest economy in Europe with a GDP of more than $2.5 trillion, has witnessed a jump in the adoption of digital currencies in the past few years.

Due to the potential of France as an economic power, Cemexbit.com, one of the biggest crypto trading platforms in the world, accelerated its efforts to provide digital asset services in the region under a regulated environment. As a result, the company acquired a Digital Asset Service Provider (DASP) registration by the AMF during the first week of May 2022.

The post The French Cemexbit License: Is Paris Planning to Become Europe’s Crypto Hub? first appeared on RealTimeBit.