EU Crypto Regulation

Code monétaire et financier, Chapter X: Prestataires de services sur crypto-actifs (Articles L.54-10-1 to L.54-10-7)

France’s Monetary and Financial Code established the PSAN/DASP regime for crypto services and now anchors MiCA CASP authorization after the national transition ended July 1, 2026.

Last action: Jul 6, 2026 - AMF confirms post-transition status

Code général des impôts, Article 150 VH bis — Crypto-Asset Capital Gains Regime for Individuals

France’s Article 150 VH bis taxes certain private crypto-asset capital gains of French tax-resident individuals, with exchange deferral, de minimis relief, portfolio-based gain calculation, and reporting rules.

Last action: Jul 1, 2026 - Current consolidated text in force

BOI-RPPM-PVBMC-30 – RPPM – Cession d’actifs numériques à titre occasionnel

BOFiP guidance explains France’s individual tax regime for occasional digital asset disposals under CGI art. 150 VH bis, covering scope, gain calculation, tax option, exemptions and reporting.

Last action: Jul 1, 2026 - CGI wording enters 2026 version

Décret n° 2025-169 du 21 février 2025 relatif aux marchés de crypto-actifs

French decree aligning the Monetary and Financial Code with MiCA, adjusting PSAN transition rules, AMF contributions, white paper fees and July 2026 repeals.

Last action: Jul 1, 2026 - Delayed repeals effective

Ordonnance n° 2024-936 du 15 octobre 2024 relative aux marchés de crypto-actifs

French ordinance adapting national law to MiCA, assigning AMF/ACPR powers, phasing out the PSAN regime, and updating crypto-asset rules, marketing, sanctions, and bank-account access.

Last action: Jul 1, 2026 - Final PSAN provisions in force

Ordonnance n° 2024-937 du 15 octobre 2024 relative au renforcement des obligations de lutte contre le blanchiment de capitaux et le financement du terrorisme en matière de transfert de crypto-actifs

French ordinance adapting AML/CFT rules for crypto-asset transfers under EU TFR II, extending obligations to CASPs, self-hosted-address risk controls, supervision allocation, and overseas adaptations.

Last action: Jul 1, 2026 - Final phase-in date

Loi n° 2023-451 du 9 juin 2023 visant à encadrer l’influence commerciale et à lutter contre les dérives des influenceurs sur les réseaux sociaux

France’s 2023 Influencer Law restricts paid online promotion of covered crypto-asset services and crypto-assets unless specified MiCA-linked exceptions apply.

Last action: Jul 1, 2026 - Current Article 4 wording in force

Sponsored by European Commission

Regulation (EU) 2022/2554 on digital operational resilience for the financial sector

EU regulation applying from Jan. 17, 2025 that harmonizes ICT risk, incident reporting, resilience testing, ICT third-party risk and critical-provider oversight for financial entities, including MiCA CASPs and ART issuers.

Last action: Jun 3, 2026 - ESAs published the first annual overview of major ICT-related incidents under DORA.

Next: Jan 17, 2028 - Commission DORA review

Verordnung über Kryptofondsanteile (KryptoFAV)

Germany’s KryptoFAV permits eligible fund units to be issued as crypto fund units entered in a crypto securities register, applying selected eWpG rules and assigning register duties to the depositary or licensed delegate.

Last action: Apr 16, 2026 - FoRiBG amendments effective

Gesetz zur Aufsicht über Märkte für Kryptowerte (Kryptomärkteaufsichtsgesetz – KMAG)

Germany’s KMAG implements national supervision powers for MiCAR, designating BaFin as competent authority and setting German rules for authorization, enforcement, reporting, transition and sanctions.

Last action: Mar 25, 2026 - BRUBEG amendment published