Crypto

French financial regulators have granted a crypto custody license to CACEIS, the asset servicing arm of banking giants Credit Agricole and Santander. The license allows CACEIS Bank to provide services to asset managers such as insurers, pension funds, and private equity. Other traditional finance firms like Societe Generale and AXA Investment are also seeking recognition under the European Union's new crypto licensing rules, known as MiCA, which will come into effect in 2024.