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A survey conducted by France's Autorité des marchés financiers (AMF) found that more French people have invested in cryptocurrency that have invested in stocks or exchange-traded funds (ETFs). The survey results reflect the support the digital asset industry has received in France from government agencies and venture capitalists.
Chris Larsen, the co-founder and executive chairman of crypto exchange Ripple, has highlighted the negative impact of regulatory uncertainty on the digital asset industry. Larsen stated that this uncertainty has led to the migration of many innovators and thousands of jobs out of the United States and into other countries.
Binance, the largest cryptocurrency exchange in the world, has announced new partnerships with fiat providers to expand its Euro services. This move will allow Binance users in Europe to conveniently convert their fiat holdings to crypto and vice versa.
Fiat Reporter Oct 25, 2023
In an opinion piece for CoinDesk, Ken Timsit, managing director of blockchain company Cronos Labs, wrote that French President Emmanuel Macron’s efforts to make his country a leader in Web3 are paying off, with major companies including Circle, Crypto.com, and Binance, the largest crypto exchange in the world, selecting Paris as their European headquarters. France has hosted industry-leading events such as NFT Paris, Paris Blockchain Week, and EthCC, while Macron has also implemented policies like tax cuts for crypto profits.
Fiat Reporter Sep 29, 2023
According to the Wall Street Journal, crypto executives are adapting their growth strategies as the U.S. market becomes a challenging terrain due to increased regulatory scrutiny. This shift is exemplified by major players like Ryze Labs, Ripple Labs, and Zodia Markets, who are now setting their sights on opportunities beyond American borders.
Monetary Brief Sep 28, 2023
In February, U.S. regulators forced New York-based Paxos Trust Company to stop issuing Binance's stablecoin. Binance, the largest cryptocurrency exchange in the world, has now embraced a stablecoin issued out of Hong Kong, sparking concerns that the actions of U.S. regulators are threatening the hegemony of the U.S. dollar and the U.S.'s position as a global financial leader.
Fiat Reporter Aug 28, 2023