According to the source, France’s ACPR is tightening anti-money-laundering checks on crypto exchanges as part of its MiCA vetting process. According to Bloomberg as cited by the source, Binance and Coinhouse are among the firms currently under review. According to Regulation (EU) 2023/1114 (MiCA), the crypto-asset service provider authorization regime applies from December 30, 2024, heightening licensing scrutiny, and according to ACPR AML/CTF guidance, enhanced due diligence requirements can tighten onboarding and monitoring, which traders should watch for potential effects on EUR liquidity for BTC and ETH.

According to the source, France’s ACPR is tightening money-laundering checks on crypto exchanges as part of its MiCA vetting process, with Binance and Coinhouse among the firms under review, per the source.