In June 2021, France enacted new crypto regulations that impact not only French companies, but also international crypto firms seeking to operate in France. The new rules signal the biggest shift in crypto rules since France began regulating the sector in 2019.
Is France a crypto-friendly country?
His move raises the pressure on the government and its regulators over France’s crypto-friendly stance. Tougher EU rules will come into effect in 2024 but France is planning to retain its current regime for a further 18 months.
Is France a good place to invest in crypto?
Crypto in France benefits from France's wider tech scene – the country counted 32 unicorns (private companies with at least $1 billion valuations) as of March 2023. At a time when U.S. VCs are pulling back from crypto, France is seeing a rekindling of sentiment – at least seen anecdotally at events.
Will France close a loophole in incoming crypto rules?
We’ll send you a myFT Daily Digest email rounding up the latest Cryptocurrencies news every morning. France is coming under pressure to close a loophole in incoming crypto rules that would grant it a longer grace period to entice digital asset companies to set up in the country with minimal regulatory oversight.
