Alerts Sign-up
The Association for the Development of Digital Assets (Adan), a France-based organization comprised of Web3 professionals, has released a new report titled "Web3 and Crypto in France and Europe." The report was submitted to Marina Ferrari, the country's Secretary of State for Digital Affairs, according to a statement Adan shared in a March 19 post.
Bitcoin (BTC) rebounds over the weekend after a sharp fall
Coinbase benefitting from 'hostile regulatory environment': Bitwise
Blockchain Business School And Pyratzlabs Team Up To Finance Your Web3 Training
This Week's Top Crypto News: Bitcoin, Binance, Ethereum, Solana, Ripple
Crypto companies raise $2.5bn in first quarter — a ‘lacklustre’ 29% increase
Ethereum: The rush of crypto investors continues despite the price drop
Angry investors say ZKasino stole $30m in crypto as Dutch police make arrest linked to scam
Coinbase Profit Jumps As Crypto Rally
Jack Dorsey and Block under legal investigation, but buy more Bitcoin
EigenLayer will distribute 100 more EIGEN tokens to each address eligible for its airdrop
Paragraph Raises $5 Million, Acquires Web3 Blogging Platform Mirror
Baroness' Letter Sparks Debate on UK's AI Market Competition
Web3 wine marketplace Baxus raises $5m from Multicoin Capital, Solana Ventures
Uniswap users can now use Robinhood Connect to buy cryptocurrencies
Bitcoin (BTC) Falls Below $58k as ETF Investors Retreat
Pike Finance Exploit Leads to $1.6M in Stolen Cryptocurrency
Two giants will allow you to bequeath your cryptos
Bitcoin: Coinbase Integrates The Lightning Network For Btc Transfers
New AI Meme Coin ICO WienerAI Adds Trading Bot AI Companion Feature, Laps Up $700,000
What will push Solana back to its $260 all-time high? Three analysts weigh in
A closer look at the tough month for spot bitcoin ETFs
ETFs on pause but investors are starting to buy back, what consequences?
Crypto investment outflows reach 3-week streak with $435m
The stock market soars: Europe reacts ahead of the FED meeting!
Renzo is coming to Binance Launchpool: how to participate to earn REZ tokens?
Bitcoin halving was 'not priced in' despite recent correction, analyst says
Bitcoin Price Prediction: Surges to $64,500, Rare 'Epic Sat' Sells for $2.1M
Crypto: A $500 million liquidation threat on Ethereum
Cryptocurrency is making a comeback on Stripe
The European Union Strengthens Controls On Cryptos: True Or False?
French digital assets org. to Secretary of State for Digital Affairs: 'We share your ambition' to balance 'promoting innovation and protecting consumers'
Adan President and CEO Faustine Fleuret (left) and Marina Ferrari, France's Secretary of State for Digital Affairs | LinkedIn/faustine-fleuret, X/FerrariMarina73
Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
"Submission of the report 'Web3 and crypto in France and Europe' to the Secretary of State for Digital @FerrariMarina73 this morning, at the Ministry of the Economy and Finance," said Adan, according to his post on X. "Thank you Madam Minister for your encouraging words for the sector and for the actions you wish to take in the months to come. We share your ambition: the balance between promoting innovation and protecting consumers through appropriate standards will make it possible to best support our talent pool towards the development of real champions of international stature. We also support the priority areas of Government action mentioned, and in particular the imperative to unlock financing for the industry at all stages of maturity."
According to Adan, the report includes the results of its third annual survey on Web3 and digital assets in France and Europe. The survey was conducted in partnership with KPMG and the Ipsos polling institute. It revealed that 12% of France's population, or 6.5 million individuals, currently own digital assets, marking an increase from 9.6% the previous year. The survey also found that slightly less than 25% of respondents who do not own digital assets said they would consider acquiring them in the future. Adan referred to this as an "important source of adoption for the next few years." The survey also highlighted that 24% of French crypto investors are between the ages of 18 and 24, while 57% are younger than 35.
Adan's report also pointed out similar rates of crypto adoption in other European countries such as the Netherlands (17%), the United Kingdom (16%), Germany (12%), and Italy (11%). These results were based on responses from 2,001 French participants and approximately 1,000 respondents each from Germany, the United Kingdom, Italy, and the Netherlands.
Adan was launched in Paris by eleven French digital asset and blockchain professionals in January 2020. According to information on its website, original stakeholders included Ledger, Kaiko, ARK Ecosystem, and ConsenSys France. Adan stated that while France already had "one of the best adapted and most innovative legal frameworks in the world for the development of activities related to digital assets," the creation of Adan would help France remain competitive with other countries in the digital asset space.
More News
The UK cryptocurrency market continues to pose challenges for exchanges as they adapt to stricter regulatory requirements. Cryptocurrency exchange Bitget recently relaunched its UK platform after halting services in May 2024 to comply with the UK Financial Conduct Authority’s (FCA) Financial Promotions regime. This relaunch reflects Bitget’s efforts to align with the FCA’s evolving standards, aimed at enhancing consumer protection in the digital asset space.
The Italian government recently announced a plan to increase the capital gains tax on bitcoin and other cryptocurrencies from 26% to 42%. This proposal, part of broader fiscal measures to support election pledges and reduce Italy’s fiscal deficit, has raised concerns among cryptocurrency investors and industry leaders.
On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.
The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.
OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.
On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.
Trending
