The French Financial Markets Authority (AMF) has announced on its official website that they are now accepting applications for licenses from Crypto Asset Service Providers (CASP) beginning July 1st. This signifies the opening of the regulatory framework for the crypto asset market in the first major European economy, as the majority of the rules outlined in the EU’s Crypto Asset Markets Act (MiCA) are anticipated to take effect by the end of this year. Per regulations, CASPs will be permitted to provide services including the custody and management of crypto assets on behalf of clients, as well as operating crypto asset trading platforms. It is worth noting that AMF has previously exhibited an open-minded approach towards crypto companies, with 74 firms already registered under this system last May. Conversely, the regulatory bodies of other large EU countries such as Germany, Italy, and Spain have not yet issued any official announcements concerning comparable regulations.