Core Insights - France is intensifying anti-money laundering compliance reviews of cryptocurrency exchanges to determine which of the over 100 registered entities will receive EU-wide licenses in the coming months [1] - The ACPR has already implemented controls on dozens of exchanges since the end of 2024, focusing on firms like Binance and Coinhouse, which hold PSAN qualifications [1] - The review comes amid increasing tensions within the EU regarding the coordination of cryptocurrency regulations, with France, Austria, and Italy urging the EU's top market regulator to directly oversee large crypto firms [1] Group 1 - The ACPR is verifying whether companies meet PSAN registration requirements, particularly in executing anti-money laundering and counter-terrorism financing measures [1] - During inspections, the ACPR has previously required Binance to enhance its compliance and risk control measures [1] - Common requests from French regulators include hiring additional staff and improving IT system security [1] Group 2 - Information collected by the ACPR will be shared with the French Financial Markets Authority (AMF), and failure to comply with requirements may affect a company's ability to obtain MiCA qualifications [2] - The MiCA agreement allows companies to operate across the EU, with a deadline for French firms to apply by the end of June 2026 [2] - Currently, only a few companies have been granted MiCA qualifications by the AMF, including fintech firm Deblock and cryptocurrency companies GOin and Bitstack [2]