Mayotte

Retail cryptocurrency trading is allowed and regulated in Mayotte under the French legal framework. The primary regulator is the Autorité des Marchés Financiers (AMF). Key regulations stem from the PACTE Law enacted in May 2019, which permits residents to own, buy, and sell virtual assets. The regulatory environment is evolving under the oversight of the AMF and other authorities.

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Retail Cryptocurrency Trading Status in Mayotte: Regulatory Overview

I. Overall Regulatory Status:

• Allowed-Regulated: Retail cryptocurrency trading (buying, selling, and holding) is permitted in Mayotte.
• Framework: Governed by the French legal and regulatory framework, as Mayotte is an overseas department and region of France.

II. Key Regulatory Bodies:

• Autorité des Marchés Financiers (AMF) – Financial Markets Authority:
  • Primary regulator overseeing digital assets and related service providers.
  • Role: Responsible for regulating financial markets, including cryptocurrency-related activities.
• Autorité de Contrôle Prudentiel et de Résolution (ACPR) – Prudential Supervision and Resolution Authority:
  • Role: Supervises banks and insurance companies, including those involved in cryptocurrency services.

III. Important Legislation and Regulations:

• PACTE Law (Action Plan for Business Growth and Transformation):
  • Enacted in May 2019.
  • Significance: Establishes the primary regulatory framework for digital assets in France, applicable to Mayotte.
  • Key Provisions: Defines virtual assets, establishes optional licensing for Digital Asset Service Providers (DASPs), and sets KYC/AML requirements.

IV. Requirements for Compliance (Applicable to Digital Asset Service Providers - DASPs):

• Optional Licensing: DASPs can apply for optional licensing from the AMF.
• Mandatory Registration: DASPs must register with the AMF if they provide certain services.
• KYC/AML (Know Your Customer/Anti-Money Laundering) Compliance:
  • DASPs are subject to stringent KYC/AML requirements to prevent illicit activities.
  • These requirements are aligned with EU directives and French national law.
• Consumer Protection: Regulations aim to protect consumers from fraud and market manipulation.

V. Notable Restrictions or Limitations (Primarily for DASPs):

• Licensing/Registration Requirements: DASPs operating in Mayotte (and France) must adhere to licensing or registration requirements depending on the services they offer.
• Advertising Restrictions: There may be restrictions on the advertising of cryptocurrency products and services to protect consumers.

VI. Recent Developments or Changes (As of April 12, 2025 - Based on the Original Report Date):

• Evolving Regulatory Landscape: The regulatory framework for cryptocurrencies in France (and therefore Mayotte) is continuously evolving.
• EU Regulations: Future regulations are likely to be influenced by broader EU-level initiatives on digital assets (e.g., MiCA - Markets in Crypto-Assets regulation).