Legal Notice: Nothing on the website constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.

CDS Crypto News Hex Trust Expands to Europe with French Registration

Crypto News

Hex Trust Expands to Europe with French Registration

Hex Trust Expands to Europe with French Registration. This allows Hex Trust to offer digital asset custody, buying, selling, and trading services in France.

ugur02/08/20231 Mins read750

Hex Trust Expands To Europe With French Registration. This Allows Hex Trust To Offer Digital Asset Custody, Buying, Selling, And Trading Services In France.

Hex Trust, a Hong Kong-based digital asset custodian, has made significant strides in its European expansion plans by securing registration in France. This follows its approval in Italy last year, marking a crucial milestone in the firm’s growth strategy.

Table of Contents

Hex Trust Expands to Europe with French Registration

The registration, granted by France’s Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR), allows Hex Trust to offer digital asset custody, buying, selling, and trading services in France, in addition to Italy.

Impact of New EU Laws

This development is particularly significant in light of the new European Union laws set to take effect in 2024. Under these laws, exchanges and wallet providers licensed in one EU country will be able to operate across the entire 27-nation bloc. This process, though more demanding than registration, involves checks on governance and financial health.

France: A Crypto-Friendly Destination

France has become a preferred destination for cryptocurrency firms due to its favorable stance towards the industry. The country offers tax cuts on crypto profits and a simplified registration process with financial watchdogs, making it an attractive hub for companies like Hex Trust.

As the firm continues to expand its regulated footprint in Europe, it is well-positioned to leverage these benefits and further solidify its presence in the region.