This is a significant development in the world of traditional finance and crypto. Group BPCÉ, a leading French banking group, is reportedly planning to launch Bitcoin (and other crypto-asset) investment services for its clients, which is likely to start in 2025. Here are the main details based on available information: Target market: This service is for its 35 million clients across its two main networks, Banque Populaire and Caisse d'Epargne. Mechanism: Services will be provided through its crypto-focused subsidiary, Hexark. Regulation: Hexark has obtained or is in the process of obtaining the necessary PSAAN (Digital Asset Service Provider) registration from the French financial market regulator, Autorité des Marchés Financiers (AMF). This ensures that the services comply with French and upcoming European MiCA (Markets in Crypto-Assets) regulations. Service: Initial reports indicate that clients will be able to buy, sell, and hold Bitcoin and other digital assets directly through a dedicated app or platform, eliminating the need for third-party exchanges. This move positions BPCÉ as one of the first major French banks to directly integrate crypto investment services for its retail and institutional clients, signaling the growing acceptance of digital assets within the European banking sector. Would you like me to find more recent information about BPCÉ's plans to offer specific cryptocurrencies or any updates on the launch timeline?
This is a significant development in the world of traditional finance and crypto.
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