TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

AMF

AMF (Autorité des Marchés Financiers — France)

AMF's PSAN regime for crypto asset service providers, the transition to MiCA CASP licensing, and France's active role in EU regulatory development.

Donovan Vanderbilt · February 24, 2026

France: AMF's PSAN Regime and Early MiCA Leadership

France's digital asset policy — PSAN regime, AMF's pragmatic approach, early MiCA adoption, and France's ambition to be the EU's leading crypto financial centre.

Donovan Vanderbilt · February 24, 2026 · 9 min read

France's PSAN Regime: Optional Licensing, Optional MiCA, and the AMF's Pragmatic Approach

France's PSAN (Prestataires de Services sur Actifs Numériques) regime created an optional licensing framework for crypto service providers — and became one of the first EU member states to invite early MiCA adoption.

Donovan Vanderbilt · February 24, 2026 · 7 min read
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