Bitstack, a French Bitcoin savings application launched in 2022, has made history as the first company in France to receive a Crypto Asset Service Provider (CASP) license under the newly enacted European Markets in Crypto-Assets (MiCA) regulation. This milestone was achieved with legal counsel from De Gaulle Fleurance, a global business law firm with offices in Paris, Brussels, and beyond.
Key Milestone Under MiCA Framework
The license was granted outside the transitional fast-track notification process, authorizing Bitstack to operate across all EU member states. This enables the company to expand its services continent-wide under MiCA’s unified regulatory framework, which aims to standardize oversight of crypto-asset services in Europe.
Bitstack’s User-Centric Offerings
- Automated savings: Round up daily purchases to invest spare change in Bitcoin.
- Recurring purchases: Schedule regular Bitcoin buys.
- Instant transactions: Buy Bitcoin instantly for as little as €1.
- Peer-to-peer transfers: Send/receive Bitcoin within the platform.
With over 200,000 users in France, Bitstack now sets its sights on European expansion.
Legal Guidance from De Gaulle Fleurance
De Gaulle Fleurance’s team, led by partner Anne Maréchal with senior partner Julie Bader and associate Irène L'Homme, advised Bitstack throughout the licensing process.
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Anne Maréchal remarked:
"Securing the CASP license marks a pivotal step for Bitstack as a pioneer in Bitcoin savings, allowing it to operate Europe-wide within a robust regulatory framework. We’re proud to support their growth."
MiCA’s Impact on Crypto Regulation
Enacted in 2023 and phased in gradually, MiCA introduces standardized licensing for crypto service providers across the EU. Companies offering custody, trading, exchange, or transfer services must obtain CASP approval from national regulators to ensure:
- Consumer protection
- Market integrity
- Consistent prudential safeguards
Bitstack’s achievement signals a turning point for crypto startups seeking EU-wide operations under MiCA’s transitional measures.
Why This Matters for Users
Bitstack’s mission—to position Bitcoin as a long-term savings tool—resonates with younger, mobile-first users who prefer automated, low-barrier digital asset investing. Its "set-and-forget" features encourage habitual micro-investing.
With MiCA compliance, Bitstack can now operate EU-wide under a single license, reducing expansion costs and legal uncertainties.
FAQs
1. What advantages does MiCA offer crypto companies?
MiCA eliminates the need for country-by-country approvals, creating a unified market with consistent rules.
2. How does Bitstack simplify Bitcoin investing?
Through round-ups, scheduled buys, and €1 minimum purchases, it demystifies crypto for everyday savers.
3. Which firms are leading MiCA compliance?
Bitstack joins a select group of European firms racing to adopt MiCA early for competitive advantage.
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De Gaulle Fleurance is recognized by Chambers and The Legal 500 for excellence in fintech and digital asset regulation. Their expertise spans M&A, corporate finance, and cross-border expansion—key pillars for firms navigating MiCA’s complexities.
Bitstack’s success underscores Europe’s push to balance innovation with accountability in crypto finance.
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