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Crypto banking for crypto-asset service providers authorised by the AMF

The PSAN era closed on 1 July 2026. New firms now go through the AMF's standard MiCA procedure, and the ICT and DORA part of the file is where many applications stall. We give you the platform and that part of the file.

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Crypto Banking · CASP

What a PSCA authorisation lets you offer your clients

Crypto accounts held in custody

Each client gets crypto accounts with deposit addresses and QR codes. You are the custodian under MiCA, and the keys sit in MPC wallet infrastructure you contract.

Conversion between crypto and euro

Buy, sell and convert with liquidity from a connected provider. Rate, fee and timing show before the client confirms, and the money lands in the client's euro account.

Euro accounts and SEPA

IBAN accounts with SEPA, SEPA Instant and SWIFT transfers through your banking partner, on the same ledger as the crypto holdings.

Crypto transfers with Travel Rule data

Internal transfers and on-chain withdrawals, with originator and beneficiary information sent through a connected Travel Rule provider.

Crypto-linked cards

Visa and Mastercard cards that spend crypto-linked balances, settled in euro at the point of sale. You contract the card issuer.

Clients in other EU countries

Once authorised, you notify your passport and serve clients in other member states from the same platform.

What this licence does not cover

  • Carrying on under a PSAN registration. Since 1 July 2026 it no longer covers crypto services in France, and the penalty is up to two years in prison and a EUR 30,000 fine.
  • Issuing euro stablecoins. E-money tokens are reserved for credit institutions and e-money institutions, supervised by the ACPR.
  • Deposit taking or lending.
Your market

What the regulator asks about your IT

Each requirement, what the platform gives you for it and who owns it after launch.

1ICT systems and security arrangements, including DORA compliance (Art. 9 of the authorisation technical standards)

Technical documentation of the architecture, access roles, 2FA, audit trail, backups and incident handling. AMF instruction DOC-2025-05 did not let PSANs reuse this section from their old file, so it is written fresh.

Crassula drafts, you adopt
2Domain names of every website and app used to provide the services, and the languages they run in

The list of your white-label web and mobile apps, with their domains and languages.

You, with our input
3Human, financial and ICT resources allocated to the services, and where they are located

Hosting locations, the platform's components and the providers that run them.

You, with our input
4Register of positions per client and segregation of assets (Art. 75 MiCA)

Crypto and euro holdings per client on the ledger, client accounts kept apart from own accounts, exports to reconcile against your custody infrastructure.

Your operations team, on platform data
5Custody policy

Withdrawal approval flows, access roles and controls as they run on the platform.

You, with input from us and the custody provider
6Travel Rule under Regulation (EU) 2023/1113

Originator and beneficiary data captured at onboarding and on each transfer, exchanged through a connected Travel Rule provider.

Your AML/CFT officer
7AML/CFT framework and know-your-customer

Onboarding questionnaires per client type, identity checks with document scanning and liveness through connected providers, client limits, monitoring through connected providers.

Your AML/CFT officer
8Outsourcing of critical functions

Service description, contract terms, audit and access rights, exit plan.

You, with our input
France

Payment rails and providers

Rails your customers can use

SEPASEPA InstantSWIFTOn-chain transfersInternal transfers

Kraken

MiCA-authorised by the Central Bank of Ireland. Liquidity for your exchange service, or Kraken Embed, already used by a neobank in France, to start without your own authorisation.

Prefer another provider?

Crassula connects 60+ payment, banking and compliance integrations. We will check which ones fit your licence.

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24/7real-time processing, no batch window
60+payment and provider integrations connected
150+companies run on Crassula
15+languages the platform speaks
France

Dates to plan around

Rules that change what you have to build, in the order they apply.

  1. 30 Dec 2024

    MiCA rules for CASPs and the crypto Travel Rule under Regulation (EU) 2023/1113 apply. The AMF opens its simplified authorisation procedure for PSANs.

  2. 17 Jan 2025

    DORA applies to crypto-asset service providers.

  3. 17 Jun 2025

    The AMF publishes instruction DOC-2025-05, listing which parts of a PSAN file count as complete. ICT systems and security are not among them.

  4. 5 Feb 2026

    The AMF warns that reviews can take up to four months and that many files arrive incomplete.

  5. 1 Jul 2026

    The transitional period ends. PSANs without MiCA authorisation must stop serving clients in France.

CASP

Applying to the AMF as a PSCA? Name us in your application.

The AMF says many applications arrive incomplete and need substantial rework. We give you a working platform and the technical part of the file, while your legal advisers handle the rest.

Talk to us about your application

Crassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application.

  1. 01

    A platform you can demonstrate

    A configured environment to show the regulator, not slides.

  2. 02

    The technical part of your application, prepared

    ICT systems, security and DORA, outsourcing and business continuity sections of your AMF file.

  3. 03

    Providers lined up

    Custody infrastructure, banking and KYC providers from our network, plus liquidity through Kraken.

A customer checking digital-asset balances at home.
Crypto Banking

How a launch usually runs

Take a fintech in Lyon that already runs a euro account app for freelancers on a partner's licence. Its users want bitcoin. Step one is buy and sell through Kraken Embed, which already runs in France, once its lawyers have signed off the set-up. Step two is its own PSCA authorisation, so it keeps the client relationship and the margin.

We set up an environment in its brand with wallets on custody infrastructure from our network and liquidity from Kraken, and write the ICT, security and DORA section with the team, plus the list of domains and apps the form asks for. Once the AMF authorises it, clients move to accounts held by the fintech itself without switching apps.

For the regulatory background, read our guide to the PSAN to MiCA transition and the MiCA CASP licence guide.

Guides

Read the licence guides

Explore all guidesLicensing, payments, cards and core banking, explained by our team.
France · CASP

FAQ

The questions teams ask us before a first call.

Not covered here?Bring your question to a demo with our team.
Can we still use the AMF's simplified procedure?
No. It covered applications filed between 30 December 2024 and 1 July 2026 by PSANs that held an enhanced registration or a licence. A new file follows the standard Article 62 MiCA procedure.
What do the AMF and the ACPR each do?
The AMF grants PSCA authorisation. The ACPR receives Article 60 MiCA notifications from credit institutions and e-money institutions, at least 40 working days before they start, and supervises stablecoin issuers.
How long does the review take?
MiCA allows 25 working days to check completeness and 40 working days to decide, with up to 20 working days of suspension when the regulator asks for more information. The AMF itself says reviews can reach four months and incomplete files take longer.
How much capital should we plan for?
EUR 125,000 for custody and exchange (class 2), EUR 150,000 if you run a trading platform (class 3), or a quarter of last year's fixed overheads if that is higher.
Can we offer crypto without our own authorisation?
Kraken pitches Kraken Embed for that: you run the interface, Kraken executes under its Irish MiCA authorisation. Its first launch, with bunq, already covered France. Have your lawyers confirm that your own role stays outside the scope of authorisation.
Does Crassula hold our clients' crypto-assets?
No. Crassula supplies the software: accounts, exchange, apps and back office. Keys sit in the custody infrastructure you contract, and you answer for custody to your clients and the AMF.
Crypto Banking

Explore your launch market

France · CASP

What a PSCA authorisation lets you offer your clients

Tell us your licence and country. We will map the rails, providers and documents you need.

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