Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France

BCB Group, a payments processor that links crypto firms to the banking system, plans to expand in Europe following regulatory approval in France, the company said in a press release on Monday. BCB has been authorized by the ACPR and the AMF, the country’s two primary financial regulators, to act as an Electronic Money Institution (EMI) and Digital Assets Services Provider (DASP), the firm said. The license wins follow the recent appointment of Jerome Prigent as managing director of BCB Europe in December. Authorization by the country’s regulators will allow BCB to grow its institutional product offering in Europe.

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