

Binance Blockchain Week: Will France Lead in Crypto Going Forward?



Binance CEO CZ recently called on France to be Europe's crypto hub. This is what Binance Blockchain Week panelists had to say in Paris.
Binance Will Always Have Paris
Amid our reporting on developments from Binance Blockchain Week in Paris, Binance CEO Changpeng Zhao called on France to be the hub for crypto in Europe.
How is France leading the way in the blockchain space?
Some viewpoints on that topic were expressed during a Binance Blockchain Week panel discussion, led by former French parliament member Pierre Person, France FinTech Founding Chairman Alain Clot, and Adan President Faustine Fleuret.
The panelists said they are extremely bullish about the blockchain space as a whole. Person kickstarted the conversation by talking about his early days when blockchain wasn’t too popular. He said:
“I discovered blockchain in 2013, I kind of knew that it will change the world and it did. So, I decided to work with regulators to build a framework in Europe about crypto assets. Now there are a lot of regulations all over the world but back then we were the only ones.”
Fleuret noted that if France is to lead the blockchain ecosystem, there is much work to be done. Toward that end, Adan is a professional organization with the goal of representing all the crypto proponents that will help build the Web3 industry in France.
Clot said that the blockchain industry is a sustainable one in France and across the whole of Europe when seen from a global perspective. He said that France already has a great pool for talent, and the fintech ecosystem in France is the second-largest in Europe according to nearly all metrics.
There are around 40,000 crypto jobs in France, and in this year alone 12,000 were created, he said.
Yesterday @faufleuret talked at the panel “How France is paving the way for the Blockchain ecosystem” moderated by @davidprincay, at the #BinanceBlockchainWeek with Stéphanie Cabossioras, @AlainClotFFT & @Pierr_Person.
— Adan (@adan_asso) September 15, 2022
Meet us to discuss our mission for an adapted regulation🤝 pic.twitter.com/aYc9sC754s
Anti-Crypto Establishment
Despite the optimism for crypto in France, the country and continent have plenty of naysayers, including some in high places.
For example, European Parliament member Assita Kanko of Belgium has said she isn’t “anti-crypto,” while focusing on the potential criminal misuses of cryptocurrency and proposing legislation that industry leaders say would harm privacy and innovation.
In an interview with Euractiv, she said she had been the subject of racist, sexist and violent messages in response to her stance on crypto.
She said, “Crypto is not necessarily bad. People are free to use whatever they want, but some bad people use anonymity to do bad things. We want to protect society against that and also increase trust in the crypto world.”
Other politicians argued that the financial transactions between banks can be traced, but no one knows who is behind the crypto assets. According to them, there need to be more rules in place.
Despite hurdles that the entire crypto sector faces in the form of legislation and skepticism, France seems well-positioned in terms of infrastructure and regulations to become the leader of the blockchain space in Europe.
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Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro

The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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