Crypto: does the AMF have the resources to do its job?
A number of crypto players are concerned about the length of time it takes to examine applications to become a PSAN.
Put the question to a crypto player, and they will often give you the same answer about PSAN registration:
"I waited more than a year."
"My contact person changed several times."
"I didn't hear from them for 4 months."
These delays and difficulties are said to be attributed to a lack of resources at the Autorité des marchés financiers (AMF), which has to manage all the cases 📂
For the past year, the regulator has in fact lost some of its staff without the departures being compensated, which is creating some traffic jams.