how lobbies put pressure on Brussels

INVESTIGATION – The European Union seeks to regulate cryptocurrency exchanges. A project that comes up against colossal economic interests.

The cryptocurrency market is still young, but it has already reached 3 trillion dollars, which is more than the cumulative valuation of CAC 40 companies. However, this sector still looks like the Wild West. Brussels wants to ensure that the expansion of Bitcoin or Ether does not come at the expense of the common good or consumers. The European Union therefore examined at the end of March two texts (“TFR” and “MiCA”) supposed to regulate the use of these digital assets.

Regulation? No thanks ! The crypto community does not appreciate the projects of the 27. For several months now, pressure groups have been roaming the corridors of the European Parliament to defend the interests of major international platforms such as Binance or Coinbase. Their clincher: competitiveness. In a letter, Adan, the representative of French companies in the blockchain sector, explains to Brussels that he is on the wrong track. “The amendments adopted today worsen…

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