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Association for the Development of Digital Assets: New partnership will ‘build in France and Europe the fertile ground for the emergence of financial innovation’

Web3/Crypto

Adan President Faustine Fleuret (right) | X/adan_asso

By Crypto Republique

Aug 6, 2024

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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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

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CRYPTO NEWS AROUND THE GLOBE

Norwegian government freezes and returns $5.7 million connected to Ronin hack

Breaking: Robinhood to Acquire Bitstamp Crypto Exchange in $200 Million All-Cash Deal

Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release

HOOD Stocks Will Explode, It's the Deal of the Century According to Experts

Bitcoin - European Central Bank (ECB) Reopens the Floodgates

SEC’s Gary Gensler ditches favourite crypto broadside

Will Dogecoin hit $1 in June? What the forecasts tell us

Author: U.S. citizen detained in Nigeria is being 'denied proper medical treatment for malaria'

France: Lugh announces the end of its stablecoin EURL – Why?

Europe: Bitpanda announces major partnership with Deutsche Bank

What are the 5 cryptocurrencies that performed best in May 2024?

Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens

Ethereum ETF: 3 reasons for future failure for JPMorgan

SpacePay Brings Crypto To Traditional Commerce Using Revolutionary Payment Software – Next Big Altcoin of 2024?

Crypto: The impact of the European elections on regulation

“We must change this peremptory tone”: Bruno Le Maire tackled by the Finance Commission on the public deficit

Bitcoin and gold: A growing correlation to closely monitor

Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% fee

Breaking: DMM Bitcoin Loses 4,502.9 BTC in $305 Million Crypto Hack

A crypto developed thanks to ChatGPT has gained more than 2,000%

DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs

SEC condemned for abuse of power

The U.S. Response to Binance Exec Tigran Gambaryan's Detention Is Shameful

Binance France drops CZ and names two new shareholders to preserve European foothold

Jailed Binance exec in Nigeria is struck by malaria amid anguished pleas from his lawyers and family

SOL, XRP Could Be Possible Candidates for ETFs, Standard Chartered Says

The Paris stock exchange falls as the Fed delays cutting its rates

DOGE: Kabosu, the dog behind the memecoin Dogecoin, died at the age of 17

Ethereum spot ETF (ETH): SEC approves plans from NYSE, CBOE and Nasdaq

Binance exec collapses in Nigerian court as health worsens in prison

Association for the Development of Digital Assets: New partnership will ‘build in France and Europe the fertile ground for the emergence of financial innovation’

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