While buzz
grows around the Middle East and Hong Kong as emerging crypto hubs, do not
overlook Europe. Specifically, France is making waves as a potential digital
asset safe haven. Hex Trust just secured a license to offer digital asset custody
and trading services.
The recent
regulatory turmoil in the cryptocurrency industry has led many firms from the
US and Europe to start relocating, among other places, to Hong Kong. This time,
however, a firm from China’s special administrative region decided to move to
Europe, thereby expanding its previous scope of activity.
Hex
Trading, a digital asset custodian, has just obtained a license from France’s
Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de
Résolution (ACPR). As a result, it can provide its cryptocurrency services in
France. Previously, the company acquired a similar license allowing it to
operate in the Italian market.
“Receiving
the DASP registration from a major EU Regulator is an important vote of
confidence and demonstrates our commitment to Hex Trust’s ongoing expansion in
Europe,” commented Alessio Quaglini, the CEO and Co-Founder of Hex Trust.
“The EU is a key market for Hex Trust, as we see strong growth potential
and prepare for the European MiCA regulation
