It has been an exciting year for cryptos and blockchain, and we have seen financial investors slowly but surely open up to the idea of digital assets and their application in the real world. Now, the two innovative technological breakthroughs can brag about having made a couple more friends, including the French Finance Minister, Bruno Le Maire.
The prominent figure openly expressed his support and love for both cryptocurrencies and blockchain, remarking that he would be excited and honoured to be part of the blockchain revolution in his country. The change in tune comes after a meeting with Alex Stacthenko, the co-founder of French-based blockchain start-up, Blockchain Partner, and the online community couldn’t be more thrilled about it.
“I was a neophyte a year ago, but now I’ve become passionate. But it took me a year. Let us demonstrate pedagogy with our fellow citizens to make France the first place of innovation Blockchain/Cryptos in the EU,” said Bruno Le Maire in a post.
Perhaps what makes this piece of news even more remarkable is the fact that the “new revolution” Le Maire is speaking of is a complete change of direction from last year’s event. To refresh your memory, we should remind you that it was the minister, along with other colleagues such as Peter Altmaier, the German Finance minister that stood against cryptos and asked the G20 summit to take actions against the potential risks posed by digital assets.
But, it appears that those demons are now in the past, as the minister has already discussed with local media outlets, including Bitcoin.fr, about plans to manage ICOs in the nation.
“It is necessary to professionalize the ICOs and their evaluation, whether by independent rating agencies, the AMF label, or other methods, in order to promote the adoption of the general public in a sustainable and secure way,” was a statement given a few days in response to the decision.
At the same time, Le Maire discussed the need to rule out talks regarding taxation and regulation policies used for precious metals. Instead, he called for regular exchanges within the crypto ecosystem, which can create effective output and sustainable measures. In this context, it appears that a new dawn is approaching the French blockchain nation, with start-ups being encouraged to leverage the technology for the betterment of the country.
As it stands, the French are directly and actively involved as one of the biggest Fintech players in Europe, and could potentially reach new landmarks that will not only change their territory but the market as a whole.
Overall, this is exciting news for the crypto community across the globe, an enticing prospect that could lead several other European countries towards a new era for cryptocurrencies. The question is, could France become Europe’s biggest blockchain hub, particularly considering the competition?