CACEIS, a leading European banking group, has recently announced that it has received a license from the Autorité des Marchés Financiers (AMF) to offer crypto custody services in France. This license is the first of its kind granted by the AMF and is a major milestone for the banking group.

The license allows CACEIS to offer custodial services for cryptocurrencies such as Bitcoin, Ethereum, and Ripple. This means that the bank can now provide secure storage for digital assets, allowing customers to store their cryptocurrencies in a safe and regulated environment. The license also allows CACEIS to provide services related to the transfer and exchange of cryptocurrencies.

CACEIS is already well-known for its expertise in asset servicing, and this new license will allow the bank to expand its offering to include crypto custody services. This move will make it easier for customers to invest in cryptocurrencies, as they will now have access to a secure and regulated environment in which to store their digital assets.

The license also marks a major step forward for the cryptocurrency industry in France. The AMF has been working hard to create a regulatory framework for the industry, and this license is an important part of that effort. It shows that the AMF is committed to creating a safe and secure environment for investors, and this will help to encourage more people to invest in cryptocurrencies.

Overall, CACEIS’ new license is an important milestone for both the bank and the cryptocurrency industry in France. It shows that the AMF is taking steps to create a safe and secure environment for investors, and it will help to encourage more people to invest in cryptocurrencies. This is a major step forward for the industry, and it will help to make investing in cryptocurrencies easier and more accessible.