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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
Webp adan 5
Adan President Faustine Fleuret (right) | X/adan_asso

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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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

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

On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.

Nov 20, 2024

Outlier Ventures CCO: People may use a 'more efficient, much less costly system to achieve the same user benefit'

Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

Nov 16, 2024

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