French regulators have banned unregistered crypto-asset ATMs, targeting businesses that provide illegal digital asset services. The crackdown comes in response to concerns about money laundering and illegal crypto-asset services. Under French law, crypto ATMs must register as digital asset service providers, and violations can result in severe penalties, including prison time and fines. The French Financial Markets Authority (AMF) collaborated with the Paris inter-regional jurisdiction to conduct investigations and seize equipment from unregistered ATMs. The AMF also warned that compliance is non-negotiable, especially with the upcoming implementation of the European MiCA regulation. This enforcement action serves as a warning to those bypassing regulatory requirements and emphasizes the importance of legal compliance for digital asset operators.



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