After tasting the flavors of the blockchain and taking pleasure in the conveniences of the metaverse, AXA decides to move up a gear. Indeed, she has just added the missing piece to her puzzle: cryptocurrencies and the authorization to take advantage of this opportunity legally on French soil.
AXA Investment Managers, 65e actor registered with the AMF
Last year, we reported here that AXA France decided to make a big splash in The Sandbox metaverse. But we must not forget either that in 2021, AXA Investment Managers (IM) joined forces with Société Générale, itself already seduced by bitcoin, with a view to developing its own blockchain project.
” The investment arm of insurance company AXA is now registered in France as a cryptocurrency provider. »
According CoinDeskAXA IM has just been registered as “ cryptocurrency service provider in France (or PSAN) on March 7th.
Thus, AXA Investment Managers integrates the list of 67 companies recognized by the AMF to date. This branch of the AXA group, with 95 million customers in 50 countries, has effectively registered the following services:
- custody of digital assets;
- purchase/sale of digital assets for legal tender;
- exchange of digital assets for other digital assets.
At the same time, AXA IM can pride itself on having passed the ” governance and money laundering controls established by French law “. No more worrying about a possible interruption of service in France or fearing the new laws that the EU is preparing to come into force in the coming months, the MiCA regulation.
The world out of a regulatory framework for cryptocurrencies?
If the Indian Minister of Finance has called for specific crypto regulations to be established for G20 countries, the Central Bank of India (BIS) advocates a “ global regulations », see a ban, virtual currencies.
For the European Union, the priority comes down to, until January 2024, obtaining a license and guarantees to issue and sell digital tokens throughout its territory.
Is this the reason that leads companies like Société Générale, Binance, Bitstamp and recently AXA IM to run to the AMF? Otherwise, there is always this amendment story that could disadvantage crypto companies operating in France and the sector in general.
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