Paris A Crypto Hub? Macron’s Dream May Be a Gamble
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The French president wants to make Paris a crypto hub, but tougher rules are needed to safeguard users.
Paris is offering shelter from crypto winter. The City of Lights has welcomed Binance and more recently Crypto.com (of Matt Damon cringe fame) with regulatory licenses; an “NFT Factory” showcasing digital artworks has also opened its doors opposite the Centre Pompidou. President Emmanuel Macron's administration sees an advantage in luring tech talent and investment, while France's culture and entertainment champions have felt pressure to dabble in meta-collectibles in a Silicon-Valley-dominated world — even as enthusiasm has dimmed somewhat. But hopes for a French “exception” to the wider crypto market wreckage are running into the need for tougher rules. Case in point...