Behold, the land of joie de vivre, once a haven for the hedonist and the hedger, now dons the garb of the inquisitor, its gaze fixed upon the digital alchemists of Binance and Coinhouse. The French, with a zeal that would make even Le Comte de Monte-Cristo blush, have turned their prudential authority into a moral crusade against the shadowy dealings of crypto’s denizens. Alas, the AML checks are not mere paperwork; they are the gauntlet of judgment, where only the virtuous-or the well-dressed-may pass.
Dozens of exchanges, from the titanic Binance to the modest Coinhouse, now tremble under the weight of France’s regulatory gaze. The ACPR, that austere arbiter of financial virtue, has descended upon them like a vengeful angel, demanding proof of their righteousness in compliance, risk controls, and the sacred art of anti-money laundering. One might imagine Binance’s CEO weeping into a spreadsheet, whispering, “Not again… the risk controls!” 🤡
The MiCA license, that EU passport to legitimacy, looms like the sword of Damocles. By June 2026, the unworthy shall be cast into the void, while the elect-Deblock, GOin, Bitstack, and CACEIS-shall bask in the glow of approved status. Yet, as Binance meekly claims, “Periodic onsite inspections are a standard part of supervision,” one cannot help but chuckle at the absurdity of such declarations. Standard? In a world where compliance is a Sisyphean task, indeed! 🤷♂️
Binance and Coinhouse: Heroes or Villains in a Kafkaesque Tale?
The ACPR’s inspections, though cloaked in bureaucratic drudgery, carry the weight of divine judgment. Fail, and your dreams of EU-wide operations dissolve into a puddle of regulatory scorn. The stakes? Existential. The outcome? Uncertain. The process? A bureaucratic labyrinth that would make Hegel weep. Yet, the French press on, their resolve unshaken, as if the fate of civilization hinges on the licensing of a crypto app.
MiCA: The Divine Right of Passage
MiCA, that EU decree of cosmic proportions, grants its recipients the power to operate across 27 member states. A rarefied few have earned this badge of honor, but the masses remain in the purgatory of pending approval. The ACPR and AMF, twin sentinels of financial morality, exchange notes like celestial clerks, ensuring that only the worthy ascend to the EU’s crypto heaven. One wonders if the AMF’s blacklist is merely a ledger or a modern-day Index Librorum Prohibitorum. 📖
Blacklists and the Eternal Struggle Against Chaos
France, in its infinite wisdom, has added three new websites to its AMF blacklist, a gesture of protection for the innocent investor. Yet, one cannot help but marvel at the irony: in 2025 alone, 22 illicit platforms have been vanquished, yet the crypto wild west persists. Investors, advised to consult the “official whitelist,” might instead consult a psychic or a coin toss. After all, what is a whitelist but a digital version of Les Misérables’s “Who am I?” 🎭
France’s Petition to the EU: More Eyes, More Control
The Bank of France’s Governor, François Villeroy de Galhau, demands that ESMA take direct control of crypto giants, a move that would turn the EU into a regulatory panopticon. His words on stablecoins-“strict regulation of multi-issuance”-echo with the fervor of a prophet warning of impending doom. Circle, the issuer of USDC, may soon find itself in a regulatory tango with the EU, a dance that could leave Europe’s digital asset market reeling. One suspects the Governor dreams not of money, but of order. 🕵️♂️
The Final Verdict: Compliance or Collapse?
Stricter oversight, the user whispers, is but a heavy hand. Yet, in this age of digital gold and algorithmic alchemy, perhaps it is the only way to prevent the crypto market from descending into the abyss. For the investor, it is a balm of confidence; for the industry, a crucible of maturity. France’s inspections, in their bureaucratic grandeur, signal a truth as old as time: in the realm of finance, chaos and compliance are eternal rivals. May the French win this battle-and may Binance survive the war. 🏹
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2025-10-17 13:10