CACEIS Bank (Crédit Agricole): Now among the AMF’s PSAN players

On June 20, theFinancial Markets Authority from France added 5 new actors in its “List of registered PSANs”. CACEIS, a subsidiary of Crédit Agricole specializing in providing services to asset managers, is one of them. Zoom !

CACEIS finally obtains its PSAN

Does not hold a PSAN (Digital Asset Service Provider) who wants. To get there, companies like Binance, Coinbase and Just Mining (recently renamed Meria) had to be patient before landing the famous Grail.

CoinDesk pointed out that CACEIS Bank had to pace around before entering the the list AMF PSANs. Registered under number E2023-080this branch of Crédit Agricole (not very fond of bitcoin) will now be able to deploy its “Digital Asset Custody” services throughout France.

CACEIS, which holds around $5 trillion in assets on deposit would have liked to obtain the favor of the Autorité des Marchés Financiers since 2021. It is only 2 years later that the French regulator has given its approval to this bank specializing in financial services to institutional services. It should be noted that pension funds, insurers and private equity funds are currently among CACEIS Bank’s clients.

5 recordings in one day

The following companies also benefit from the status of PSAN players registered with the AMF, alongside CACEIS:

• KAMEA LABS SAS;
• PAYTOP SAS;
• DEBLOCK SAS;
• and PALISADE FINANCIAL SAS.

Many of these are licensed to offer “Custody of Digital Assets” and “Exchange of Digital Assets for Other Digital Assets” services. Only Paytop and Deblock have carte blanche in the exercise of their activities “Purchase / sale of digital assets against legal tender” in France.

The last AMF registration dates from June 12: it concerns BITPNANDA GmbH.

Long before that, there was AXA INVESTMENT MANAGERS IF SA, BITSTAMP EUROPE SA Société Générale – Forge, ETORO, and also Binance France SAS.

And regarding the latter, it should be noted that there is disagreement between the crypto exchange and French justice. The Paris public prosecutor has indeed accused Binance of illegal supply of digital asset services to French customers. He also highlighted the fact that the crypto company is reluctant to check money laundering. However, this constitutes aggravated acts of money laundering “.

Speaking of Binance, we will also note that the crypto exchange is abused everywhere now. In the United States, the rag is burning between its subsidiary Binance.US and the SEC. And its initiatives in the Netherlands and the United Kingdom have also failed.