In brief: CACEIS Bank has obtained MiCA approval

CACEIS is a bank, subsidiary of the Crédit Agricole and Santander groups, specializing in financial services offered to management companies and institutional investors. It has just obtained its MiCA approval to provide services on cryptoactive.

The subsidiary of Crédit Agricole has therefore recently received MiCa's authorisation to provide cryptoactive services in accordance with the notification procedure provided for in Article 60 of the European Regulation on cryptoactive markets.

CACEIS thus specifies that it is entitled to a European passport to carry out its activities in all the countries of the European Union. Among these activities, it can now offer several services on behalf of third parties:

• storage and administration of cryptoactives;
• receiving and transmitting orders (RTO);
• the transfer of cryptoactives.

A little ahead of competition

CACEIS now doubles another cryptoactive banking subsidiary: SG-Forge. If the latter announced recently the launch of a stablecoin in dollar, it does not yet hold its MiCA approval.

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