The French Financial Markets Authority (AMF) is considering a “fast track” option for licensed cryptocurrency firms to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations. In a statement, the AMF welcomed the approval of MiCA and outlined how French regulation will proceed during the transition period over the next 18 months. The AMF is focusing on guiding the switch to MiCA regulations for French providers of digital asset services and is considering options for these firms to comply with MiCA regulations as soon as possible. MiCA aims to establish a clear and consistent regulatory framework for crypto assets among the European Union member states and is expected to come into effect from the start of 2025. The AMF has previously stated that any crypto firm that registers after January 2024 will have to comply with the more stringent licensing option.
CertiK Reports $1.1M Exploitation of DeFi Protocol WDZD Swap
Decentralized finance (DeFi) protocol WDZD Swap was targeted in an attack on May 19, resulting in the loss of $1.1...
