TechFlow reports that on May 5, according to Crowdfund Insider, Circle’s French subsidiary, Circle Internet Financial Europe SAS (“Circle France”), received formal authorization from the French Financial Markets Authority (AMF) on April 20 to provide custody and transfer services for its stablecoins USDC and EURC across the entire European Economic Area (EEA).
Under Article 60(4) of the EU’s Markets in Crypto-Assets Regulation (MiCA), this authorization permits Circle France to operate via the “passporting mechanism,” enabling customers across EEA member states to access these services without requiring additional local licenses. Circle is the largest compliant electronic money token (EMT) issuer under MiCA regulation in the EU. The authorized custody services cover secure storage and management of customers’ crypto assets, while the transfer functionality supports seamless asset movement.
Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy & Operations, stated that this milestone reflects Circle’s commitment to operating within Europe’s regulatory framework and supporting the development of trusted digital financial infrastructure in France and across the EU. This authorization builds upon Circle’s existing Electronic Money Institution (EMI) license previously obtained in France.
