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Web3/Crypto News
Minister Clara Chappaz inaugurated the French Consulate's new AI Club in San Francisco, a strategic initiative aimed at fostering collaboration and innovation within the burgeoning artificial intelligence sector.
Global Digital Finance (GDF) and Adan have announced a strategic partnership aimed at promoting collaboration in the digital finance sector across Europe.
The UK government announced a pilot program on November 14 to issue a Digital Gilt Instrument (DIGIT) using blockchain technology, aiming to modernize public finance. Chancellor of the Exchequer Rachel Reeves unveiled the initiative during her Mansion House speech, presenting it as part of efforts to enhance the UK’s status as a global financial hub.
On November 20, Gherson LLP published an analysis on the evolving regulatory landscape for cryptoassets in the UK, highlighting recent legislative efforts aimed at addressing gaps in oversight. Key developments include the Financial Services and Markets Act 2023 and the proposed Property (Digital Assets) Bill.
OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.
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.
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."
John Patrick Mullin, CEO of MANTRA, said that Larry Fink’s public endorsement of tokenization has accelerated its adoption at both "startup" and "institutional" levels, though less so in "retail" blockchain use.
Bruce Pon, co-founder and CEO of Ocean Protocol, said that the combination of "AI and blockchain" unlocks significant "potential" for new entrepreneurial opportunities and substantial value creation.
Irina Heaver, a crypto lawyer at NeosLegal, emphasized the importance of user education in the cryptocurrency sector.
Richard Teng, CEO of Binance, said that cryptocurrency is in the "early stage of adoption" globally, although major institutions are beginning to embrace blockchain and crypto agendas.
John Patrick Mullin, CEO of MANTRA, addressed the complexities of token distribution during his talk at Binance Blockchain Week.
Kendrick Nguyen, CEO of Republic, said that digitized financing could become "accessible to the true retail public," allowing consumers to invest in "real-world assets."
Clara Chappaz, the French Secretary of State for Artificial Intelligence and Digital Technology, said that the French AI ecosystem is leading Europe with some of the best developers attending the dotAI2024 conference.
ADAN, a European blockchain and Web3 industry organization, has announced that the implementation of MiCA, Europe's blockchain regulation framework, has introduced "significant changes" to the cryptocurrency sector.
Irina Heaver, a crypto lawyer at NeosLegal, said that banks have incurred over "$400 billion" in fines for compliance breaches and "caused the 2008 financial crisis," yet cryptocurrency is often labeled as a "scam."
Richard Teng, CEO of Binance, expressed optimism about the role of cryptocurrency in shaping the future financial services industry.
Italy has announced a decision to raise the Bitcoin capital gains tax from 26% to 42%.
Clara Chappaz, the newly appointed Secretary of State for Artificial Intelligence and Digital Technology, attended the France Numerique Ensemble event in Savoie, where she engaged with stakeholders focused on digital inclusion.
On October 2, the UAE Federal Tax Authority (FTA) announced key amendments to its VAT framework, following Cabinet Decision No. (100) of 2024.