Circle secures conditional DASP registration in France, appoints new country head

Circle secures conditional DASP registration from French Financial Markets Authority (AMF).
Coralie Billmann appointed as head of French operations, pending regulatory approval.
Billmann, a payments industry veteran, previously COO at 3S Money and held roles at JP Morgan and PayPal.
Circle must obtain PSP or PSP agent approval to fully kickstart operations in France.
Application for Electronic Money Institution (EMI) license submitted by Circle.
Billmann to play an “instrumental role” in preparing for Markets in Crypto Assets Regulation (MiCA) regime.
Circle aims to ensure passportability for its products and services in the European market.
Circle sees conditional DASP registration in France as a significant milestone in establishing its European regulatory platform.
Circle CEO Jeremy Allaire praises Billmann’s expertise in deepening connections and advancing regulatory efforts.
Circle chose France for registration due to clear rules on fintech and digital assets, and a dynamic banking ecosystem.