Quantcast
CRYPTO NEWS AROUND THE GLOBE
WisdomTree may launch its Bitcoin and Ethereum ETPs on the London Stock Exchange
Crypto top & flop: the market pauses except for these three altcoins!
Binance assists Taiwan authorities with money-laundering scheme
A TV host becomes CEO of this crypto platform
Farcaster raises $150M for its social network built on Ethereum
Stock Market: The calm before the storm? Europe facing uncertainty over Fed decisions
Bitcoin Breaks Out Above $68K as Solana's 7% Gain Leads Crypto Rally
Venezuela Cuts Off Power to Bitcoin (BTC) Miners – What Happened?
Apu Meme Coin Skyrockets on Ethereum, Another Meme Coin Set to Surge with $15M Raised
Ethereum Foundation researcher Justin Drake discloses advisor role at Eigen Foundation
Toncoin (TON) weakens after a 62% rally in 13 days, going against the trend of the crypto market
Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court
Bybit, Kucoin, Bitget... Is the Financial Markets Authority (AMF) campaigning against cryptocurrencies?
Shiba Inu (SHIB) threatens to top DOGE: This crypto battle is raging!
Why regulators fear an Ethereum ETF: ‘What did we just do?’
Binance Has A Cure For Millions Of Dollars Stolen By Address Poisoning Scams
Risk-like crypto game hits $30m in volume in first week
Vanguard hires ex-BlackRock Bitcoin ETF supervisor as CEO
Millennium Management holds nearly $2 billion in spot bitcoin ETF shares
Consensys is revolutionizing crypto with Smart Transactions on MetaMask
Should you buy or sell Bitcoin according to these influential people in the industry?
Humanity Protocol raises $30M to compete with Worldcoin
Louis Vuitton-Affiliated Château d’Esclans And BlockBar To Sell $22,000 NFT Rosé Barrel
Bitcoin worth over $60 million moved for the first time in 10 years
Crypto: This is how tokenization revolutionizes real estate
Top cryptocurrencies to watch this week: ETH, BOME, HNT
BlockFi hires Coinbase to return crypto to its creditors
International Monetary Fund Tells Nigeria To Regulate Crypto Trading Platforms
Arsenal has a sports coin and so does PSG — inside the wacky $3bn market where prices soar for no reason
Solana users are paying millions to stop bots attacking their trades
All Crypto News Around The Globe

French digital asset advocate on crypto usage in Europe: ‘Adoption accelerates’

Conferences
Webp fleuret 3
Adan President Faustine Fleuret | X/adan_asso

Faustine Fleuret, president of the Association for the Development of Digital Assets (Adan), stated that cryptocurrency is growing in popularity in France and throughout Europe. Fleuret shared her statement on July 10 during the Web3 Leaders Forum hosted by Adan in Brussels.

"Institutionalization keeps going," said Fleuret. "Adoption accelerates, with 12% of the French holding crypto-assets right now, like in Germany and in Italy, outpaced by the Netherlands where 18% of the population are crypto users. Foreign players continue to land in Europe."

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 groups meet to discuss the latest topics in Web3.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The framework and legal clarity of the Markets in Crypto-Assets (MiCA) regulations have attracted the European Union’s largest banks to enter into the crypto industry, according to a report by Cointelegraph. "European banks are moving into crypto as an asset class and tokenization technology because MiCA, the upcoming regulatory framework for Europe, is suddenly bringing full clarity for banks," said Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad.

According to a survey conducted by Adan, 12% of France’s population owns cryptocurrency and 15% have owned it at one point, compared to 9.6% last year. This shows a resurgence in crypto adoption on top of active holders continuing to invest regularly. The survey indicates that "to date, French investment is strongly supported by Bpifrance, which accounts for 45% of early-stage fundraising in 2023. However, despite the scarcity of funding in 2023, a majority of companies plan to raise funds in the future, including 73% in 2024."

Several crypto companies have found a home in France to grow the crypto industry. According to a report by Coindesk, "crypto companies… have been offered a welcome in France, by officials boasting a regulatory framework that offers relative predictability." Secretary General of the Autorité des Marchés Financiers (AMF) told reporters, "In France, we are proud to be pioneers."

According to her LinkedIn profile, Fleuret is a graduate from Technological University Dublin with a bachelor's degree in management sciences as well as from the University of Paris with a master's degree in finance and banking. She has been the 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.

Trending
1

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

2

UK’s digital assets bill brings much-needed clarity to digital asset regulation

3

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

4

OpenAI chooses Paris as its new home base

5

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