France was one of the first countries in the world to propose a regulatory framework for crypto-assets thanks to the advent of the Pacte law in 2019. Two years later, the question of regulation is back on the table, this this time at European level, within the framework of the MiCa bill (Crypto Asset Market).
Topics that are often conducive to controversy and misunderstandings. The Paris Blockchain Week Summit to be held on April 12 will be an opportunity to see things more clearly. You will be able to meet the actors who are at the heart of these issues and who shape the crypto-asset markets both for professionals in the sector and for individuals.
The opportunity to meet key players to better understand the issues related to blockchain technology and its uses
The Paris Blockchain Week Summit is an opportunity to meet all the blockchain players. Regulators, institutions and even researchers on the subject will be present.
These actors will answer all your questions about the issues currently raised by blockchain technology, and of which we have drawn up a non-exhaustive list below:
- How to protect stakeholders through digital asset regulation?
- How to use blockchain technology to protect privacy?
- Where is the implementation of central bank digital currencies?
- Why should regulators embrace DeFi?
In the light of the event, let’s quickly come back to these points before the show, in order to live the most enriching experience possible.
The role of regulation in the crypto-asset market
Regarding the regulation of digital assets, it will be a question of better understanding how the regulator makes its choice of legislation to protect stakeholders in the sector. An approach often criticized by crypto players, but which seems necessary to support the growth of the sector in a healthy ecosystem. Indeed, as the latest Chainalysis report shows, crypto scams have reached a new record in terms of volume in 2021. The development of the NFT phenomenon and decentralized finance is accompanied by a significant batch of fraud , Where swindle in English. It is therefore important to understand how the regulator positions itself on the market to protect users, but also to meet the expectations of blockchain professionals, represented in particular by ADAN, the reference association in France on the subject.
Privacy protection: how can blockchain establish itself as a solution?
The protection of privacy, here is another essential subject. How can blockchain technology be a game changer after the golden age of GAFA? The latter having attributed to our data a value greater than a barrel of oil, to refer to the front page of The Economist published in 2015 and titled “Data is the new oil” (Data is the new oil). The actors present at the Paris Blockchain Week Summit will study and discuss several avenues. Among the potential solutions, there is more and more talk of implementing so-called decentralized identity solutions. A technology based on the blockchain which could in particular give the user control over his data, by tracing interaction requests, but also by allowing pseudonymous connection to platforms, without having to share all of their personal data to do so.
Central bank digital currencies: how are they implemented and what are they hiding?
The central bank digital currencies will obviously be a key topic in the years to come. However, they are strongly criticized by the crypto sphere, which sees them as a way for the institutional system to recover the market. It will be crucial to understand concretely how to implement these CBDCs, what type of technologies they are based on, how they will be used by central banks, retail banks and consumers, and finally what their impacts will be. More traceability, faster international transactions, less bank charges? So many questions that will be discussed with the actors present at the show. Some are also currently participating in experiments conducted for several years now by European central banks to study the potential of blockchain technology and crypto-assets in this CBDC format.
DeFi, an opportunity for the regulator?
Finally DeFi, for decentralized finance. Many observers see this sector as a real unregulated “Wild West”, where cryptocurrency protocols play at replicating, or even reinventing, traditional financial mechanisms, while giving them names that do not necessarily speak to the average consumer. Why should regulators see the emergence of DeFi as an opportunity to embrace financial innovation, rather than wanting to shut it down? An approach that will be defended by many stakeholders in the blockchain sector present at the show on April 12.
The conferences related to these subjects will be numerous, we have selected some not to be missed:
Financial markets & Web3: Collaboration between incumbents and cryptocurrency native financial institutions
This panel will explore how beginners in the blockchain and crypto space can learn from crypto natives, and vice versa, to create an optimized DeFi ecosystem.
Blockchain – How the technology could be used for privacy
Blockchain can help end users keep control of their private data thanks to its decentralization. Find out how businesses are using blockchain to protect their data. With Ilya (Crystal Blockchain), Bastien Ebalard (XSL Labs), Harry Halpin, Nym and Clayton Menzel (Figment).
The Paris Blockchain Week Summit invited experts to discuss the progress being made in cryptocurrency regulation around the world and where we are headed. With Robert Spicer (Scorechain), Simon Douyer (SheeldMarket), Biba Homsy (Homsy Legal), Rupertus Rothenhauser (Bitmex).
As you will have understood, the Paris Blockchain Week Summit which will take place on April 12 will allow you to dig into the regulatory issues in the crypto-asset sector, and in particular the challenges for decentralized finance. You will be able to learn more about the work of the actors who use the blockchain to guarantee the protection of privacy, and finally understand where central banks are in the development of their digital currencies and what this entails. In short, a very nice program in perspective. Key topics and exciting conferences are to be noted in your diaries!
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