The situation related to COVID-19 has had an impact on all sectors of the French economy. Players in digital assets and blockchain space have not been spared.
Since the beginning of the crisis, ADAN has been involved with its members and all industry players through the following actions:
- The creation of an ad hoc internal working group to facilitate the exchange of information between members and to improve the coordination of actions carried out.
- The drafting of a framework note on the theme “Covid-19 and transformations in the financial industry” in which the Association presents various solutions through which digital assets could accompany the financial actors in the current economic climate, as well as the more fundamental changes that these could generate in the long term.
- The publication of a survey (still in progress) aiming to give an overview of the state of play of the crypto industry at the end of these first weeks of crisis, in a summary to be published shortly.
- The creation of a database of members’ solutions in response to the crisis.
Since the beginning of the crisis, ADAN has also maintained a close and regular dialogue with the authorities (Ministry of Economy and Finance, Bpifrance, AMF and ACPR) in order to inform them of the specific issues and needs of the digital asset and blockchain industry arising from the current economic situation.
To group and present its work, ADAN opens its information space.
You can also find access to this space via the Fintech and Innovation – The Fintech Forum web page of the Autorité de contrôle prudentiel et de résolution (ACPR).