As part of the policy to strengthen control over cryptocurrency companies and projects, the Bank of France decided at the end of 2020 to introduce licensing of bitcoin exchanges.
Now the regulator has turned its attention to the DeFi decentralized financing market. Projects representing this ecosystem must be included in a special register of the Central Bank.
In addition, each company must prove that its activities do not threaten users and investors, and that it operates in accordance with the criteria established by the regulator.