Touts the Alignment of Government, Regulation, and Entrepreneurship | Crowdfund Insider

From April 13 to April 17, the organizers of the Paris Blockchain Week (PBW) lined up a series of events including meetups, hackathons, a PBW Conference hosted by the Ministry of Economy and Finance, and a two-day PBW Summit organized by Woorton, ChainAccelerator and Datalendt at Station F, the largest startup incubator worldwide. The Summit also gathered 1,500 participants.

The French Government Bets On The Blockchain

The Blockchain Week was sponsored by the French Ministry for the Economy and Finance and the Minister of State for the Digital Sector.

“I believe in the blockchain, I believe in this technology,” declared Bruno Le Maire, the Minister of Industry for the Economy and Finance at the PBW Conference, adding that with respect to the blockchain France was choosing to “be ahead of time rather than to be late.”

France hopes to become a leader in blockchain by creating a supportive environment through investments and a favorable legal and regulatory framework.

“Our priority is to build the French ecosystem… We don’t have as big players as, for example, China, but as an ecosystem with [a proper] financial regulation, we’re not late,” said Cédric O, the Secretary of State for Digital Affairs at the PBW Summit. “Corporations will be attracted by the fact that we’re building transparency, clarity, and visibility.”

Indeed, in the past 3 years, the French government has taken a series of measures to foster the blockchain economy.

These included changing the tax regime for cryptoasset gains, requiring that banks open bank accounts for blockchain businesses, launching several pilots of blockchain applications in the public administration, and passing the PACTE Law which creates a legal framework for Initial Coin Offerings (ICOs) of utility tokens.

In the past 3 years, the French government has taken a series of measures to foster the #blockchain economy

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A Turning Point in French and European…

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