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The Autorité des Marchés Financiers (AMF) has announced new procedures for notifying the agency regarding public offerings and the admission to trading of crypto-assets. This follows the implementation of the Markets in Crypto-Assets Regulation (MiCAR). The announcement was made in a press release on March 6, 2025.
According to the AMF, offerors of crypto-assets, excluding asset-referenced and e-money tokens, are required to submit a white paper before public offerings or trading admissions under MiCA. If based in France or operating as a non-EU entity with activities in France, the offeror must notify the AMF at least 20 working days before publication. This notification should include specific documentation such as explanations on MiCAR applicability, host member states, and expected offering dates.
Modifications to white papers or marketing communications must be reported to the AMF at least seven working days before publication. Offerings within limited networks that exceed €1,000,000 over a 12-month period must also be disclosed with an explanation of their exemption from MiCAR’s Title II requirements.
