France’s Association for the Development of Digital Assets (Adan) announced a new partnership with B3 Village by CA Vierzon to support "financial innovation" in France and throughout Europe. Adan shared its statement in a July 26 post on X.

"Adan is pleased to announce its partnership with B3 village by CA Vierzon," said Adan. "This partnership is the promise of beneficial synergies between the incubates of B3 Village by CA Vierzon and Adan to build in France and Europe the fertile ground for the emergence of financial innovation."

According to the post, B3 Village by CA is "a network of innovation accelerators created in 2014, it is supported by Crédit Agricole with more than 704 partners located in the heart of the territories in France, Italy, Luxembourg and numerous international relays. The Villages by CA offer a tailor-made acceleration program for startups, a place dedicated to sharing and creating innovative businesses."

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According to a LinkedIn post from Adan, Minister of State for Digital Affairs in France, Marina Ferrari, made an appeal to traditional finance, regulators, international investors, and Web3 leaders at a conference co-organized by several blockchain companies. Ferrari said, "I'm calling on you to join forces so that we don't lose our lead in financial innovation."

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 LinkedIn, Adan is a professional body of digital assets industry players founded in 2020 in France and Europe. Its goal is to create a free and open digital economy by promoting digital assets. Leading Adan is CEO and President Faustine Fleuret, who has been in charge since 2021.

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OpenAI chooses Paris as its new home base

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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.

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