In an article on its website on Friday, the French financial marekt authority (AMF) noted that it has started accepting applications for crypto asset service provider (CASP) licenses on July 1, the first major economy in the European Union to open applications, as most provisions of the European Union Crypto Asset Market (MiCA) rules will come into effect by the end of this year. These include providing custody and management of crypto assets on behalf of clients and operating crypto asset trading platforms. The AMF has been open to cryptocurrency companies in the past, with 74 companies registered under its regime in May last year. Regulators in other large European Union economies, including Germany, Italy and Spain, have yet to make any official announcements about the process.