Alerts Sign-up
Patrick Hansen, the Senior Director of European Union (EU) Strategy and Policy at Circle, a cryptocurrency payments platform, stated that France is the "crypto powerhouse" of the EU. He attributed this status to a robust developer community and governmental support. Hansen made these remarks in an April 12 post on X.
France’s shock election wins will upend crypto tax cuts, industry fears
Digital Asset Investment Products Gain $441M Amid Mt. Gox, German Sell-Offs: CoinShares
Metis co-founder's ZKM plans to launch Bitcoin Layer 2 GOAT Network
Prediction Markets and Polls Both Got the French Election Wrong
The duel between Gensler and Coinbase continues
Binance, Hong Kong’s Organized Crime and Triad Bureau team up for law enforcement sharing session
Dissolution : la France aurait perdu « un trimestre de croissance », selon la Confédération des petites et moyennes entreprises (CPME)
Circle clears MiCA hurdle to become licensed stablecoin issuer in EU
Sony to Restart Japanese Crypto Exchange Whalefin Purchased From Amber Group in 2023
Crypto Exchange Bitget Sees India as ‘High-Priority Market,’ Mulls Expansion
Circle becomes the first stablecoin issuer in the world to comply with MiCA regulations
EU crypto traders urged to convert non-compliant stablecoins to regulated ones as MiCA framework takes effect
Crypto crime involving deepfakes seen surpassing $25bn in losses this year
Bitcoin's Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows
Exclusive: Bybit Rises to Second-Largest Crypto Exchange, UTA Feature Key to Growth said Bybit Head of Communications
Fortune Crypto author: Nigerian government may 'regret its unjustified decision' to detain former U.S. federal agent
Crypto: Coinbase and its layer 2 Base team up with payment giant Stripe
Nostra CEO steps down 11 days after token airdrop with no vesting periods
Crypto: The Market Is Looking Up Again!
This French city accepts cryptocurrency payments
Early Legislative Elections: A Pro-Crypto Candidate is Running!
Solana launches “Blinks” and “Actions”: a revolution in the world of Web3?
Breaking: the ECB publishes its digital euro report, an expert announces a China 2.0 in Europe
EU crypto sector faces disruption from next week's MiCA rules targeting stablecoin activity: analyst
Laser-eyed candidate cuts lonely path in French election as crypto ponders uncertain future
Mt. Gox to Begin Repayments in July; BTC Slides Under $61K
How this Bitcoin miner plans to eke out a profit during a rocky time for the industry
Binance Announces Tether Integration on Toncoin Network
Ethereum finally ready for its rise? The holders are holding on!
Binance CEO: Employee detained in Nigeria 'is a true professional of the highest integrity'
Circle policy director: 'France has become the crypto powerhouse of the EU'
Patrick Hansen, Senior Director of EU Strategy and Policy at Circle | LinkedIn/patrickghansen
Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
"France has become the crypto powerhouse of the EU," said Hansen, according to his post on X. "After a week in Paris for our @circle Forum and Paris Blockchain Week, this seems clearer to me than ever. The developer community is thriving and creating lots of successful crypto entrepreneurs. The political administration is very supportive by creating regulatory clarity and by treating this technology as a huge economic opportunity."
According to the post, Hansen's comments were made following Circle's participation in Paris Blockchain Week. This annual conference focuses on blockchain and digital asset industries. Circle also hosted its second annual Circle Forum Paris, where industry leaders and government officials convened. Among them was Marina Ferrari, the French Secretary of State for Digital Affairs. They discussed the Markets in Crypto-Assets (MiCA) regulations enacted by the EU. Hansen observed that the crypto ecosystem in France continues to expand with substantial financing for startups and over 100 registered Digital Asset Service Providers (DASP). "That's why we are more confident than ever in our decision to make France our EU & MiCA regulatory headquarter," said Hansen.
A post reported that over 9,000 individuals attended Paris Blockchain Week 2024, marking its fifth annual edition. Jeremy Allaire, co-founder and CEO of Circle, was among the featured speakers at the event. Other industry leaders present included Binance CEO Richard Teng, Stellar Foundation CEO Denelle Dixon, and Ripple CEO Brad Garlinghouse.
Talos reported that during the conference, Ferrari urged traditional financial institutions and partners in regulatory and investment sectors to collaborate with Web3 companies. She believes this will help France maintain its leadership position in financial innovation. "I'm calling on you to join forces so that we don't lose our lead in financial innovation," Ferrari said. A panel discussion at the conference saw agreement from both private and public sector participants on the need for increased collaboration as MiCA moves towards implementation.
Hansen's LinkedIn profile reveals that, in addition to his role at Circle, he serves as a member of the EU Blockchain Observatory and Forum panel. His previous roles include serving as a crypto venture advisor for Presight Capital, and he is also a certified blockchain developer.
Organizations Included in this History
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
