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Coinbase, Binance Among Exchanges Targeted for Widened AML Checks by French Regulator: Bloomberg

Failure to meet the requirements set by ACPR could compromise an exchange’s ability to get a MiCA license from France.

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💡 DMK Insight

In the high-stakes world of crypto, the French regulatory landscape is shaping up to be a bit like a game of musical chairs—miss a beat, and you might find yourself out in the cold. The ACPR's stringent requirements are not just bureaucratic hurdles; they’re a litmus test for exchanges hoping to secure a MiCA license. For traders and investors, this means that the credibility of the platforms they use could hinge on compliance, making due diligence more crucial than ever. So, as exchanges scramble to meet these standards, remember: in this dance, it’s not just about keeping up; it’s about staying in the game.

📮 Takeaway

Regulatory compliance is becoming the new currency in crypto; keep an eye on who’s dancing and who’s left behind.

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