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French Banking Giant to Debut Bitcoin and Crypto Investment Services for Customers in 2025
In a groundbreaking move, BPCE, one of France’s largest banks, has announced plans to launch Bitcoin and crypto investment services for its customers in 2025. This significant development is set to take place through its subsidiary Hexarq, which recently obtained PSAN (Prestataire de Services sur Actifs Numériques – Virtual Asset Service Provider) authorization from the French financial regulator, the AMF.
Hexarq has become only the second bank in France to receive this approval, with SG Forge being the first. With this new license, Hexarq will be able to hold, buy, sell, and exchange digital assets, marking a significant milestone for the institution.
The strategic move is aimed at enhancing customer loyalty by offering a broader range of investment options, as well as competing effectively in the rapidly evolving financial landscape. The service will be accessible through an app developed by Hexarq, targeting customers from Banque Populaire and Caisse d’Épargne networks.
Notably, France has made a bold move in the regulatory space by allowing applications for crypto asset service provider licenses under the Markets in Crypto Assets (MiCA) regulation. This proactive approach will see the country lead the European Union in implementing comprehensive regulations within the digital assets sector.
The partnership with Hexarq is expected to be a game-changer, as it opens up new avenues for investment and increases accessibility to crypto markets for French investors.
Source: cryptobriefing.com
