A certain thaw on the side of the Minister of the Economy? Bruno Le Maire detailed in a long interview his strategy and that of the government in terms of cryptocurrencies. What can we expect for the years to come?
Bruno Le Maire talks about cryptocurrencies
Questioned by our colleagues from BFM, Bruno Le Maire clarified the government’s expectations in terms of cryptocurrencies. With a rather ambitious roadmap :
“We want to make the European Union the world’s leading economic area in terms of structuring and organizing the crypto-asset market. And we want that within it, France is the European hub of the crypto-asset ecosystem. »
We note that the minister speaks modestly of ” structuring and organization », to covertly evoke the regulation of the sector. Needless to say that Europe recently turned its gaze to cryptocurrenciesand that the MiCA regulations should particularly upset the landscape.
👉 Also discover – Recession in Europe: what to expect?
The No. 1 exchange in the world – Regulated in France
10% off your fees with code SVULQ98B 🔥
Do not be afraid, but frame widely
Bruno Le Maire, however, considers that there is no need to have ” fear of innovation », and that it is not necessary stifle the crypto ecosystem”. A particularly notable change in language, the minister having distinguished himself in recent years by a manifest hostility to the ecosystem.
“We bet that when it comes to crypto-assets, we can combine protection and expansion. »
In addition, Bruno Le Maire says he is “proud” to have attracted two cryptocurrency heavyweights to Paris : Binance and Crypto.com. He estimates that ” other global players will choose […] France “.
👉 To read about it – France: Crypto.com sets up its European headquarters in Paris and invests 150 million euros there
DeFi and NFTs as areas of innovation?
Bruno Le Maire also shared the government’s priorities in terms of cryptocurrencies, which he will unfold in three parts:
- Attract global players and mobilize private funds
- Establish a sovereign digital euro (an MNBC)
- explore the potential NFTs and decentralized finance (Challenge)
This last sector was moreover mentioned in more detail by the Minister of the Economy, who gave it indirect praise:
“I am delighted that start-ups, but also large century-old banking groups, have fully invested in developing the potential of DeFi. »
👉 To go further – What is DeFi? All about decentralized finance
Order our Book to understand everything about cryptos
Published by Editions Larousse
Water in the wine of government
This adjustment of the language used to talk about cryptocurrencies is of course notable. In 2020, the Minister of Economy rather saw a link between these assets and terrorismstating:
” I give an example: cryptocurrencies. You can collect 150 euros in a bar-tobacco, then 150 euros in another bar-tobacco, in the end to collect a significant sum […] that an Islamist association or a fighter located abroad will be able to withdraw in cash, abroad without any trace. »
It will also be recalled that Bruno Le Maire is particularly pro-strict regulations. He thus evoked MiCA last March:
“There are always criminal ways to try to avoid a prohibition, which is why it is so important that MiCA is passed as soon as possible, so that we have a regulatory framework.»
The evolution of the government in terms of cryptocurrencies is therefore particularly perceptible through the voice of its Minister of the Economy.
👉 On the same subject – The European Parliament approves the MiCA and TFR regulations
Source: BFM Crypto
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.