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Faustine Fleuret, President of France's Association for the Development of Digital Assets (Adan), has urged European Union (EU) institutions to adopt an innovative and open-minded approach towards blockchain and crypto-related technologies. She believes that such an approach will enable these institutions to harness the benefits offered by these technologies. Fleuret made this statement in a press release issued on May 6, regarding a report submitted by Adan to the European Union.
"There is an urgent need to understand the impact that Web 3 innovation will have on different areas of the economy and society, whether it involves transforming them or solving problems they have been facing for a long time," said Fleuret. "Regulation alone will not ensure the success of the European project. The European institutions must therefore show inventiveness, even audacity, and keep an open mind in order to explore and benefit from the innovation offered by blockchain and crypto-asset technologies."
According to the press release, Adan presented its report to EU institutions in anticipation of the European Parliament elections scheduled for June. Adan maintains that while the EU is well-positioned as a leading global hub for Web3 innovation, companies within this ecosystem continue to face challenges in scaling their operations across Europe. These challenges range from legal uncertainty in certain areas, insufficient funding, and a lack of understanding about some intrinsic characteristics of newer technologies. Adan asserts that its recommendations will bolster Europe and enhance the EU's leadership in innovation.
