Crypto Flourishes In France As Macron Aims To Build ‘Startup Nation’

• Bloomberg reported contrasting scenes of a cryptocurrency conference and nearby protests in Paris.
• President Macron’s efforts to attract digital asset businesses to France are bearing fruit.
• Circle Internet Financial, Crypto.com, and Binance are making Paris their EU base.

Reports detail the sight of excited attendees of a cryptocurrency conference amid piles of garbage is a peculiar juxtaposition on the streets of Paris in late March. While protests and strikes against President Emmanuel Macron’s proposed increase in the retirement age were taking place in the city, executives in the digital asset industry gathered in a convention center located within the Louvre Palace.

Despite the challenges that the industry has faced over the past year, many attendees at the crypto conference were in high spirits, which seemed to contrast with the troubles that have largely been brought on by the industry itself, according to Bloomberg.

However, Proponents of cryptocurrency celebrate its borderless nature, powered by blockchain technology untethered to any place or central authority.

Nevertheless, the industry has suffered setbacks around the world in the past two …

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