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Faustine Fleuret, president of the Association for the Development of Digital Assets (Adan), has highlighted the role of French public leaders and policymakers in driving cryptocurrency adoption among the French population. "The support provided by French public leaders and policymakers," she said, is contributing to an "accelerated adoption" of cryptocurrency. Fleuret shared these insights with Crypto Republique via email on April 18.
"At some point, the accelerated adoption in France can be explained by the support provided by French public leaders and policymakers - through the government, the administration, regulators and some MPs - to the development of the Web 3 industry," said Fleuret. "France has established a regulation on crypto-markets since 2019, which is a very important adoption catalyser as nearly 90% of the French admit that they rely on the French legal CASP status to choose their providers. Since the first edition of our study, France has dedicated substantial efforts to help citizens be more aware of the French regulatory environment in which crypto markets operate. The positive approach taken by our French leaders - including public speeches by Bruno Le Maire since 2022 and Marina Ferrari since her nomination as Secretary of State in Digital Affairs a few weeks ago who both promote France as the EU Web 3 hub - also favours institutionalisation even if, in the allocation given by Mrs Ferrari at the recent Adan event organised in Bercy, she called for 'greater cooperation and openness between traditional financial players and those specializing in the crypto-asset sector."
In 2019, France implemented a regulatory framework for digital assets through the PACTE law. This established its financial regulator, the Autorité des marchés financiers (AMF), as the supervisory authority over virtual tokens and digital asset service providers (DASP), according to information released by Adan.
