A number of crypto players are concerned about the length of time it takes to examine applications to become a PSAN.

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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.

Grégory Raymond

Gregory Raymond is a French journalist specializing in economics and cryptocurrencies, currently head of research at The Big Whale.

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Raphaël Bloch

Raphaël Bloch is co-founder and CEO of The Big Whale, a news platform focused on cryptocurrencies. A former journalist at Reuters, Les Echos, and L’Express, he is a graduate of emlyon and the CFJ.

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