Alerts Sign-up
A survey conducted by France's Autorité des marchés financiers (AMF) found that more French people have invested in cryptocurrency that have invested in stocks or exchange-traded funds (ETFs). The survey results reflect the support the digital asset industry has received in France from government agencies and venture capitalists.
The AMF conducted the survey in spring among more than 1,000 French residents and released its findings in Nov. Twenty-four percent of survey respondents said they held at least one investment product, and half of those investors are "new" investors, having only started investing since the beginning of the pandemic in early 2020. The survey revealed that 9.4% of the French population holds cryptocurrency, while 7.3% owns stocks, 5.4% owns bonds, 2.8% owns non-fungible tokens (NFTs), and 2.4% is invested in ETFs.
In 2019, France introduced a regulatory framework for digital assets through the PACTE law, establishing the AMF as the supervisory authority of virtual tokens and digital asset service providers (DASP), according to Adan.
