The Comptoir des Cybermonnaies de Bordeaux has obtained the PSAN registration.

It is the first company registered for the crypto / crypto exchange activity

The company Satoshi Dev known under the brand Comptoir des Cybermonnaies is now registered with the AMF as a Service Provider on Digital Assets for the purchase or sale of cryptocurrency in legal tender and the exchange of cryptocurrencies against other Cryptosoft.

Created in 2018 by François Miquel and Baptiste Lac, the Comptoir des Cybermonnaies de Bordeaux allows you to buy and sell bitcoin and other cryptocurrencies on site, but also remotely on its website.

The counter becomes the sixth structure after Coinhouse, StackinSat or Bitpanda to obtain registration as a Digital Asset Service Provider (PSAN).

What is the PSAN status ?

The law of May 22, 2019, known as the Pacte law, created a regulatory framework for PSANs establishing in France a status of service provider on digital assets, covering a large number of activities. This regime provides for compulsory registration with the AMF for certain players and optional authorization. Only approved PSANs can engage in canvassing, for example.

Registration with the AMF is mandatory for two types of service: the purchase / sale of cryptocurrency for fiat currency that is legal tender (for example, exchanging BTC for euros) and the custody of cryptocurrency for the account. third parties (retention of clients‘ private keys and ability to use them on their behalf). Providers who started their activity before the entry into force of the law had until December 18, 2020 to complete the procedures.

The AMF has so far issued a registration to six PSANs in France. About twenty registration files are said to be under investigation.