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News from 2024
Adan has submitted its response to the Markets in Crypto-Assets Regulation (MiCA) consultation on the detection and prevention of market abuse, investor protection, and operational resilience. The response highlights considerations for promoting a proportionate and effective regulatory framework.
Faustine Fleuret, president of the Association for the Development of Digital Assets (Adan), stated that cryptocurrency is growing in popularity in France and throughout Europe. Fleuret shared her statement on July 10 during the Web3 Leaders Forum hosted by Adan in Brussels.
The European Blockchain Association (EBA) and the International Association for Trusted Blockchain Applications (INATBA) have found that blockchain technology has advanced beyond its initial cryptocurrency-related applications. According to a report issued on July 8, blockchain can now enhance transparency and security across multiple industries, especially when used in conjunction with artificial intelligence (AI).
France’s Association for the Development of Digital Assets (Adan) announced that its members met with business leaders and officials from the Dutch National Authority for the Financial Markets to share survey results about crypto adoption in France and the Netherlands. Adan shared its statement in a July 17 post on X.
Faustine Fleuret, president of the Association for the Development of Digital Assets (Adan), stated that the crypto industry can grow when newcomers join the market and are supported by "traditional" market participants. Fleuret shared her statement during the Web3 Leaders Forum in Brussels on July 10.
Hayat Outahar, a blockchain advisor at the Paris-based firm Tech Flooz, said she enjoyed the speakers and events at the Ethereum Community Conference (EthCC) in Brussels. Outahar shared her statement in a July 11 post on X.
The European Crypto Initiative (EuCI) celebrated several events during the Ethereum Community Conference (EthCC), including their first Legal Summer School, held from July 7 through July 8, where they covered details of the European Union (EU) legislative process and other blockchain process lessons.
European Banking Authority emphasizes application of MiCAR, priorities to supervise ART, EMT issuers
The European Banking Authority (EBA) issued a statement for individuals interested in issuing, offering, or trading asset-referenced tokens (ARTs) and e-money tokens (EMTs), highlighting priorities for the consistent application of markets in crypto assets (MiCAR). The EBA made this statement on July 5.
The European Crypto Initiative (EUCI) has announced the launch of the inaugural Future Web3 Experts Summer School of Law. This program offers a comprehensive examination of Web3, focusing on digital trust and ownership facilitated by blockchain technology.
Crypto exchange Bybit has decided to stop offering its products and services to French nationals and residents, citing "recent regulatory developments" from French regulators.
France’s Association for the Development of Digital Assets (Adan) announced a new partnership with B3 Village by CA Vierzon to support "financial innovation" in France and throughout Europe. Adan shared its statement in a July 26 post on X.
ByBit announced that it will no longer offer services to French users due to changes in regulations. The company made the announcement online on August 1.
Ledger, a Paris-based digital asset company, reported increased buying and trading activity due to recent market volatility. The company shared its statement in an August 6 post on X.
David Princay, the president of Binance France, stated that Binance has recovered more than $73 million in "stolen user funds" so far this year. Princay shared his statement in an August 8 post on X.
Multis announced its acquisition by Safe, a smart contract wallet infrastructure provider. The focus will now be on enhancing the scalability of Safe's products beyond Ethereum, aiming to increase user adoption and further decentralization.
Vishal Sacheendran, the head of regional markets at Binance, stated that expanding regulation to other areas of blockchain technology beyond digital assets could benefit a range of industries. Sacheendran shared his statement in an August 13 post on Binance’s website.
Meria, a financial services company based in Metz, announced that users can stake Ether (ETH), the second-largest cryptocurrency after Bitcoin in terms of market capitalization, through their platform. Meria shared its statement in a July 30 post on X.
Kiln announced that Claire Wells has been appointed as the new chief legal officer, overseeing the company’s legal, compliance, and policy teams globally. Claire Wells joins Kiln from Coinbase, where she served as associate general counsel and policy lead.
Binance France President David Princay stated that over the last two years, the company resolved 381,616 appeals, resulting in recoveries and refunds for its users. Princay shared his statement in an August 9 post on X.
Circle announced that EURC, its euro-backed stablecoin, is now available on the Base mainnet for developers and users. Circle Mint and its APIs support financial institutions in minting and redeeming EURC on Base, enabling global commerce with trust and compliance.