New French Law Almost Guarantees Blockchain Startups Banking Services

Domitille Dessertine – head of the FinTech, innovation, and competitiveness division for France’s financial markets watchdog, Autorité des Marchés Financiers – explains France’s new blockchain banking law. Under the new law, cryptocurrency and blockchain startups are guaranteed financial services if they agree to be regulated. Banks that refuse financial services to these types of companies must justify their reasoning to the Autorité des Marchés Financiers.