Crypto adoption by country — Paris soon to be the capital of digital currency in Europe?

In the private sector, Ledger, a specialist in the security of digital assets, announces its association with Cathay Capital, a Franco-Chinese management company, to create an ecosystem investment fund. Bpifrance, a public investment bank where we find the Caisse des Dépôts et Consignations, will be its first subscriber.

Coinhouse, formerly La Maison du Bitcoin, announces a fundraising of 40 million euros to boost its development. Then, a large Parisian shopping center, Beaugrenelle, announces that cryptocurrencies can be used to pay for your purchases.

All are actors are French. And this craze for all things crypto follows the general trend.

After all, on June 9, 2022, a conference was held on the importance of European regulations for the French industry in terms of crypto-assets, because the General Directorate of the French Treasury is far-sighted when it comes to the crypto ecosystem.

This is why France is positioning itself as the instigator of the European regulation currently being discussed in the European Parliament on the crypto-asset markets, or “MiCA regulation” — Markets in Crypto Assets —. It is the first country, at the international level, to have created the status of Digital Asset Service Provider – PSAN.

In addition, France has managed to obtain a “pilot regime” which allows it to experiment, at the real level and in a secure environment. This is part of the adoption of another European text, complementing the MiCA, to give a regulatory outline to new blockchain technologies by allowing them to act on the markets.

Paris and France are therefore leading the crypto dance, both in terms of regulations and innovation. Obtaining PSAN status for Binance, the world’s leading cryptocurrency trading company, in May 2022, followed by its CEO’s announcement to make France its European headquarters for Binance Europe, only reinforces the French position in the crypto ecosystem.