Bitstack, a French Bitcoin savings app launched in 2022, has made history as France's first company to receive a Crypto Asset Service Provider (CASP) license under the newly enacted Markets in Crypto-Assets (MiCA) regulation. The milestone positions Bitstack for pan-European expansion under MiCA's unified regulatory framework.
MiCA Licensing Breakthrough
The license—granted outside fast-track transitional procedures—authorizes Bitstack to operate across all EU member states. This eliminates the need for country-by-country regulatory approvals, significantly reducing expansion costs and legal uncertainties.
Key features of Bitstack's service include:
- Round-up spare change from daily purchases
- Scheduled Bitcoin purchases
- Instant buys starting from €1
- Peer-to-peer Bitcoin transfers
👉 Discover how MiCA is transforming Europe's crypto landscape
Strategic Legal Partnership
De Gaulle Fleurance, a multinational commercial law firm with offices in Paris and Brussels, guided Bitstack through the licensing process. Their team was led by:
- Anne Maréchal (Partner)
- Julie Bader (Senior Partner)
- Irène L'Homme (Partner)
"The CASP license marks a pivotal step for Bitstack to operate Europe-wide within a robust regulatory framework," noted Maréchal. "We're proud to support their growth journey."
MiCA's Regulatory Impact
Implemented gradually since 2023, MiCA introduces standardized licensing requirements for crypto service providers across the EU. The regulation mandates:
- Consistent consumer protections
- Prudential safeguards
- Market integrity measures
Bitstack's achievement represents a watershed moment for crypto startups seeking EU-wide operations. While many providers still rely on temporary passporting during MiCA's transition period, Bitstack successfully navigated France's new regulatory regime through direct application.
Market Positioning and Growth
With over 200,000 users in France, Bitstack targets:
- Younger, mobile-first demographics
- Users preferring automated micro-investments
- Those seeking alternatives to traditional finance
The app promotes habitual investing through behavioral design features like transaction round-ups and threshold-based purchases.
👉 Explore Bitcoin savings strategies for European investors
Competitive Advantage
By securing early MiCA compliance, Bitstack gains:
- First-mover advantage in reshaping crypto finance
- Reduced legal complexity for cross-border services
- Enhanced consumer trust through regulated status
De Gaulle Fleurance brings recognized expertise in:
- Fintech regulatory navigation
- Digital asset compliance
- International expansion support
FAQ Section
Q: How does MiCA benefit crypto users?
A: MiCA ensures consistent consumer protections, transparency requirements, and operational standards across all EU crypto services.
Q: What services can Bitstack now offer EU-wide?
A: Licensed activities include custody, trading, exchange, and transfer of crypto assets under a single authorization.
Q: Why is Bitstack's licensing method significant?
A: It demonstrates full compliance through standard application rather than transitional arrangements, setting a precedent for other providers.
Q: How does round-up investing work?
A: The app automatically rounds up card transactions to the nearest euro and invests the spare change in Bitcoin.
Q: What's next for Bitstack?
A: Strategic European expansion leveraging their MiCA passport to enter new markets efficiently.
Q: How does MiCA compare to national regulations?
A: It replaces fragmented national rules with harmonized EU-wide standards, reducing compliance complexity for cross-border operators.
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