Faustine Fleuret, president of France’s Association for the Development of Digital Assets (Adan), stated that regulations for the Web3 industry continue to advance in France and Europe. Fleuret shared her statement during the fourth edition of Adan’s Web3 Leaders Forum in Brussels on July 10.

"2024 has already been a very special year for the Web3 industry here in Europe," said Fleuret. "In France with the strengthening of the French regulation for market players, the adoption of a new framework for Web3 gaming, but also unexpected legislative elections. In Europe with the election of MEPs, the implementation of MiCA, the adoption of the new AML-CFT package, and lots of ongoing debates impacting Web3 companies from open finance to digital identity."

According to LinkedIn, the Web3 Leaders Forum is "an annual event organized by Adan to bring together those working to build a strong, high-impact European Web3 Industry." Entrepreneurs and industry participants meet to discuss the latest topics in Web3.

Get the Newsletter

Sign-up to receive weekly round up of news from Crypto Republique

France recently passed regulations pertaining to Web3 gaming through the SREN law, according to a release from Orrick. This new law would adapt existing legislation in France to the new regulations of the European Union (EU), including the Digital Services Act (DSA), the Data Act, and the Digital Market Acts.

According to a release from Elliptic, a new provision of the EU’s Markets in Crypto-Assets (MiCA) regulations took effect on June 30 for all stablecoin issuers, ushering in "a new era of regulatory oversight for innovators in the Crypto space." This new rule states that "issuers must now obtain approval from relevant member state authorities before offering their tokens within the EU, or when offering stablecoins pegged to the euro or other member state currency."

The EU also recently adopted legislation pertaining to terrorist financing and anti-money laundering (AML). According to the European Commission website, "The new Regulation on the Traceability of Transfers of Funds (TFR) ensures the traceability of crypto-assets transfers and the authentication of users, aligning with FATF standards. It will apply as of December 2024." This legislation also complements other regulations outlined in MiCA.

According to LinkedIn, Fleuret is a graduate from Technological University at Dublin with a bachelor's degree in management sciences as well as from University of Paris with a master's degree in finance and banking. She has been President and CEO of Adan since 2021 and holds certifications in MOOC Global Energy Issues and MOOC Financial Regulation.

More News

UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval

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.

Nov 24, 2024

Italy backtracks on crypto tax hike amid investor pushback

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.

Nov 24, 2024

European banking authority issues new guidelines for crypto providers to comply with restrictive measures

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.

Nov 22, 2024

New crypto regulations aim to keep startups from 'sailing away' to the U.S.

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.

Nov 22, 2024

OpenAI chooses Paris as its new home base

OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

Nov 20, 2024

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

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.

Nov 20, 2024

Crypto Comments

Loading...

No comments available.

CRYPTO NEWS AROUND THE GLOBE

Hong Kong fraud probe tests city’s pro-crypto stance | Financial Times

Crypto giant Binance sells Russian business to CommEX

Crypto: Qwarks raises €800,000

Bernard Arnault et sa succession par un Pro-Bitcoin : Quel impact sur le marché Crypto ?

Cryptos : Galaxy Digital mise à son tour sur l'Europe

Crypto : Binance lance une contre-offensive contre la SEC

Ces institutionnels achètent la dette FTX dans l’espoir d’avoir des cryptos à prix cassé

Wall Street’s token crypto gesture

Mike Novogratz’s Galaxy Digital targets Europe for crypto expansion

Crypto Companies Are Looking Outside the U.S. for Growth

Le Crypto Daily : Attention, les hacks crypto fusent de partout !

L'Inde à la pointe de l'utilisation de la blockchain dans le monde

Le White Paper de Bitcoin interdit de cité au Royaume-Uni ? Faketoshi fait des siennes

Nana Murugesan (Coinbase) : “Nous voulons devenir leader en Europe”

Ex-Crypto CEO Caught Up in Partying Claims at Bitcoin Conference

Surprise ‘Flip’ Primes Bitcoin For A Tesla And Elon Musk Bombshell That Could Cause Crypto Price Chaos

Discord crypto trading bot shuts down after ‘critical exploit’

Les options crypto : Le futur du trading ?

Les Etats-Unis maintiennent une pression maximale sur la crypto industrie

EXCLUSIF. Binance travaille activement au retour des “futures” en France

Nigeria crypto usage growing further, report says

FTX sues Sam Bankman-Fried’s parents over ‘misappropriated funds’

EXCLUSIF. Ledger Stax : ce fournisseur qui ralentit la production

Europe is ‘Eating America’s Lunch’: U.S. Held Back by Bitcoin ETF Paralysis - Decrypt

Adieu Bitcoin ! Cette crypto serait la nouvelle favorite de BlackRock

Cryptos : le fisc aura bientôt un oeil sur toutes les transactions

Data : Bubblemaps lève 3 millions d'euros

Citigroup Debuts Token Service in Latest Foray Into Digital Assets

Deutsche Bank se lance dans la conservation et la tokenisation d'actifs cryptos

The French Web3 Ecosystem - Axeleo Capital

Adan president: ‘2024 has already been a very special year for the Web3 industry here in Europe’

More News

Crypto Comments

Loading...

Trending