, Columnist
Macron’s Crypto Dream May Be a Gamble
The French president wants to make Paris a crypto hub, but tougher rules are needed to safeguard users.
Sorare CEO Nicolas Julia
Photographer: PATRICIA DE MELO MOREIRA/AFPThis article is for subscribers only.
Paris is offering shelter from crypto winter. The City of Lights has welcomed Binance and more recently Crypto.com (of Matt Damon cringe fame) with regulatory licenses; an “NFT Factory” showcasing digital artworks has also opened its doors opposite the Centre Pompidou.
President Emmanuel Macron’s administration sees an advantage in luring tech talent and investment, while France’s culture and entertainment champions have felt pressure to dabble in meta-collectibles in a Silicon-Valley-dominated world — even as enthusiasm has dimmed somewhat.