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.
Crypto: Ethereum ETFs are experiencing a record series of outflows!
Salvador: 80,000 civil servants trained in Bitcoin – A visionary initiative or a risky bet ?
The Fed is ready to cut interest rates â what that means for crypto
Binance Launches Mobile Money Feature for Crypto Transactions in Africa – Exchanges Bitcoin News
New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange
Dubai: An employee paid in cryptocurrency – Everything you need to know about this first history in the UAE
Wrapped Bitcoin rivals eye $9bn market share after ownership drama
The Digital Chamber: Nigerian government's excessive fines could have 'a chilling effect on foreign direct investment'
TON Leads Crypto Majors as BTC, ETH Remain Flat
German Interior Ministry Predicts Bitcoin at $100,000 in 2024, Recommends Use of Hardware Wallet
Why economists say the CFTC is wrong about prediction markets
Cardano drops out of the top 10 cryptocurrencies by market cap ranking
Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
Bchain Africa CEO on detention of Binance employee: 'Are we running a military system in Nigeria under the guise of democracy?'
Binance exec in Nigerian prison is ‘almost bedridden’
Swiss and Norwegian central banks reportedly hold 3,400 Bitcoins via MicroStrategy shares
Trump and Musk Avoid the Burning Topic of Cryptos During Their Interview
Why crypto investors are ‘asleep at the wheel’ amid improving macro conditions
MetaMask Starts Rollout of Blockchain-Based Debit Card Developed With Mastercard, Baanx
Coinbase to Launch Wrapped Bitcoin (WBTC) Competitor – What’s at Stake in Such a Token?
Binance's Sacheendran: 'blockchain technology will revolutionize various industries beyond finance'
Bitcoin at 9 million in 20 years according to the power law
Binance recovers more than $73M in user funds from external hacks
Did you miss this week's news? Here is a recap of the information you shouldn't have missed about Bitcoin, Binance, Ethereum, and Ripple!
Collapsed crypto exchange FTX ordered to pay $12.7bn to creditors, CFTC says
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14 – Mining Bitcoin News
Gambaryan Family Says Binance Executive Is Being Denied Access to Lawyers, Health Is Deteriorating
SEC subpoenas three crypto VCs in sign crackdown is gaining pace
Ripple begins testing its stablecoin RLUSD on XRP Ledger and Ethereum
The IMF and El Salvador Close to an Agreement on Bitcoin!
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
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.
On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.
Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."
Trending
