France has long been considered a hub for crypto businesses, with major players such as Binance and Crypto.com establishing their European headquarters in Paris. The country has enjoyed favorable tax rates, a talented workforce, and a strong culture of innovation in the Web3 space. Additionally, France was quick to implement clear regulations for the crypto
Regulation
The US Securities and Exchange Commission (SEC) recently filed settled charges against Abra, a crypto lending firm, for failing to register its crypto asset lending product, Abra Earn. The SEC also filed settled charges against Plutus Lending LLC, Abra’s owner, for operating as an unregistered investment company. Stacy Bogert, Associate Director of the SEC’s Division
The joint statement released by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek highlights the challenges posed by the European Union’s fragmented regulatory structure on artificial intelligence (AI) innovation. They pointed out that the current regulatory framework in the EU is hindering the growth and development of AI technologies by creating inconsistent and overlapping
