Fleuret: French government's support of crypto industry 'must be maintained'

According to a study conducted by Adan in March, while the number of French individuals who currently own crypto has increased to 12%, up from 9.6% the previous year, 56.3% of French companies in the Web3 sector reported difficulties in finding banking partners. The study also revealed that twenty-three percent of investors who responded to the survey expressed a preference for purchasing crypto through their bank. According to Adan's study, "The emergence of the banking acquisition channel would therefore respond to market demand."

Marina Ferrari, France's Minister of State for Digital Affairs, addressed attendees at the recent Paris Blockchain Week conference. According to Talos, she urged traditional financial institutions and regulatory and investing space partners to collaborate with Web3 companies. This is aimed at helping France maintain its leadership position in financial sector innovation. "I'm calling on you to join forces so that we don't lose our lead in financial innovation," Ferrari said.

During another panel discussion at this conference, participants from both private and public sectors concurred on the need for increased collaboration, especially as the EU's Markets in Crypto-Assets Regulation (MiCA) approaches implementation.

François Villeroy de Galhau, governor of the Bank of France, spoke about his institution's efforts to support private sector firms in the crypto and blockchain sectors during an address made in October. According to a transcript of his remarks, Galhau said: "We are also doing everything we can to push and prepare for a future MiCA 2 regulation, following on from the adoption of MiCA, the pioneering European regulation."

Fleuret assumed the presidency of Adan in May 2021, after serving as the organization's head of strategy and institutional relations, according to her LinkedIn profile. She is also a lecturer at the University of Paris I: Panthéon-Sorbonne and a member of the Laboratory of Excellence for Financial Regulation. Prior to these roles, she served as finance and regulatory strategy lead at ConsenSys.