Crypto in France: The Minister of Digital wants to accelerate the development of the industry

Crypto is on its way to becoming one of the most productive industries in France. The new digital minister Jean-Noël Barrot intends to take advantage of this opportunity.

Soon the golden age of crypto?

France is slowly beginning to take the lead in cryptocurrencies. With more and more companies registered in the AMF and just as many innovative projects, the human rights country should not be left out compared to other European states. Major players in the industry, such as the CEO of Binance, believe that France can become a leader in web3 innovations. An ambition that the new digital minister intends to bring to life.

Jean-Noël Barrot was invited to open the festivities at the Crypto Finance Forum, held on July 18 in Paris. In fact, many companies were waiting to hear his views on cryptocurrencies. They were quickly reassured.

During an intervention for BFM Crypto, the founder of The big whale Raphaël Bloch gave an update on the minister’s speech. For him, the politician has not announced anything new. Nevertheless, he wants to continue in the momentum that his predecessor has gained, and above all to benefit from the success of the blockchain.

Jean-Noël Barrot did not make a big announcement; however, he will be a part of what has been done by the government and his predecessor, Cédric O, but is accelerating because we are seeing the crypto sector gain more and more weight. The Minister also recalled this morning Emmanuel Macron’s speech, which said that web3 is an industry that we must focus on.

Excerpt from Raphaël Bloch’s speech for BFM Crypto

Source: BFM Crypto Twitter account

France is beginning to realize the scale of the industry

Jean-Noël Barrot’s speech allows the industry to sigh with relief. Nevertheless, there are still big things to do and the government intends to put companies on their heels. In any case, the digital minister did not hide his enthusiasm, referring to the many possibilities that crypto offers. What to give hope to the many actors in the area.

Source: Alexander Stachchenko’s Twitter account

As for the general French public, it may be that they are taking the price of crypto very quickly. Projects are multiplying in the area and it is now possible to pay for meals or clothes with digital currency. Similarly, thanks to projects like the Lugh company’s, France intends to steal the spotlight from the other EU countries.

Finally, international companies continue to see the country as a country with opportunities, if nothing else, to expand globally. Big players like Coinbase have expressed their desire to register with the authorities.

However, the future of the industry remains volatile until the rules are in place. Some companies may need to update themselves with new laws as these are constantly changing. The crypto can therefore experience a new floating moment over the next year. As for the education of the population, which is crucial for mass adoption, it has not yet been mentioned by the government.

Disclaimer

All information on our website is published in good faith and for general information purposes only. Any action taken by the reader based on information found on our website is entirely at your own risk.

Leave a Comment