We are delighted to present the November 2024 edition of our monthly newsletter, produced by the Adan team. Discover a digest of news and important events not to be missed.

Announcements

Adan is recruiting its new Managing Director

Adan is looking for its future Managing Director to meet the many challenges facing the association in 2025.

🔎 Job description: https://www.adan.eu/en/publication/recruitment-managing-director/

Sponsorship opportunities in 2025

Adan is constantly looking for partners to support its mission of democratising Web 3 use cases, its industry and its players. To anticipate your 2025 budgets, we are now presenting the deck of sponsorship opportunities for the coming year.

You’ll find a wide range of sponsorship opportunities, designed to meet specific visibility needs and a variety of budgets.

PLF 2025: Adan co-signs the France Digitale tribune

Public spending must not be cut at the expense of job creation and France’s competitiveness.

Alongside numerous associations representing entrepreneurs, young companies, investors and all those involved in innovation (including #Web3), Adan is mobilising to defend jobs and France’s competitiveness, which are threatened by certain measures in the Finance Bill 2025.

Survey of the French Web3 ecosystem

Adan is a partner in this survey, alongside Banque Delubac & Cie, Doors3, Finance Innovation and Stack Talent, to gain a better understanding of the Web3 ecosystem in France.

Events

Fintech 3.0 by Adan: a look back at a success story

Wednesday 16 October saw the 2nd edition of our annual French Fintech Week event #FFW: Fintech 3.0 by Adan. Traditional finance meets blockchain and crypto technological innovation. Proof that Web3 benefits the financing of the real economy and the growth of all businesses.

Publications

Adan report on staking

In the context of the forthcoming MICA report on ‘Latest Developments in Crypto-Assets’, due in December, staking has attracted considerable interest from European regulators. With the aim of fostering informed discussions on staking in Europe, Adan has prepared a comprehensive report on the subject.

Adan’s response to the EBA consultation on the Guidelines on supervisory reporting templates for ARTs and EMTs

On 15 October 2024, Adan submitted its comments to the European Banking Authority’s (EBA) Public Consultation on the Guidelines on supervisory models for issuers of ARTs and EMTs under Regulation (EU) 2023/1114. The purpose of this consultation is to fill data gaps to improve the supervision of issuers. Adan thanks EBA for the opportunity to contribute to this consultation.

Clarifications needed on fund segregation obligations for DASPs

In a new position paper, Adan examines the implications of European regulation on crypto-asset markets (MiCA) for Digital Asset Service Providers (DASPs) in terms of fund segregation.

Call for tenders: 2025 study ‘Web 3 and crypto in France and Europe

As part of the 4th edition of Adan’s ‘Web 3 and crypto in France and Europe’ study, the Association is launching a call for tenders.

Victor Charpiat elected Chairman of Adan’s Legal Committee

We are pleased to announce the election of Victor Charpiat, a lawyer with Kramer Levin Naftalis & Frankel, as the new Chairman of Adan’s Legal Committee.

Adan works: news of the month

Review of the interactions between the Payment Services Directive (PSD) and the MiCA regulation

This month, Adan takes a look at the interactions between the Payment Services Directive (PSD) and the Market-in-Crypto-Assets Regulation (MiCA), and in particular at the issue raised by Adan last December: the assimilation of stablecoins (EMTs) to ‘funds’ within the meaning of PSD2. This interpretation could impose specific licensing requirements on issuers and Crypto Asset Service Providers (CASPs) in addition to those already required by MiCA, thereby increasing their operational constraints.

The article, designed as a simple explanation, presents the regulatory interactions between PSD2 and MiCA by exploring the issues for CASPs, particularly in terms of licensing and access to payment infrastructures. Since these issues were first identified, Adan has continued its in-depth work on the PSD regulations and has drafted amendments that have been submitted to the European level to ensure that these requirements are realistically adapted.

Interventions

European Investor Summit 2024

On a panel of leading experts – including Tony Ashraf (BlackRock), Christoph Hock (Union Investment), Jean-Marc Stenger (Société Générale – FORGE) and Thomas Wißbach (Deutsche Börse) – our President Faustine Fleuret gave Adan’s view of the conditions that Europe has put in place and is putting in place to encourage the development of crypto markets.

Patrimonia

Faustine Fleuret, President of Adan took part in the ‘What’s new on the crypto side?’ TV set hosted by Ludivine Garnaud, Events Editor at L’AGEFI.

‘At the end of the month, European regulation of crypto-asset markets will come into force. This is very good news for French players who, at European level, are the most familiar with this framework.’

State of the Web3 crypto market in September 2024

On the set of BFM Crypto presented by Amaury de Tonquédec on BFM Business, alongside Laurent Ovion (DLPK), Faustine Fleuret – President of Adan – returned to Prime Minister Michel Barnier’s general policy speech to call on France to spare the Web3 companies, without which the country will not be able to put its budgetary and financial house in order, carry out the major projects set out in its DPG, or position itself as the stronghold of innovation in Europe.

Finance Bill 2025 and the US elections

Speaking to Delphine Sabattier on B SMART 4Change’s SmartTech programme, Faustine Fleuret – President of Adan – gives an initial assessment of the impact of the 2025 Finance Bill hashtag#PLF for the web industry3 and warns against the risk of innovation support in France and Europe running out of steam in the face of the positive repositioning of the United States promoted by the presidential candidates 🇺🇲

Speaking to Nicolas Pagniez on his SmartPatrimoine programme on B SMART 4Change, our Chair Faustine Fleuret provides an update on the implications of the PLF 2025 for investors crypto and the Web3 sector 🇫🇷 and on the imminent arrival of MiCA 🇪🇺

Observatory of digital transitions dedicated to on-chain finance

Adan was present at the launch of De Gaulle Fleurance’s new Observatoire des transitions numériques devoted to on-chain finance, alongside the Association Nationale des Juristes de Banque (ANJB) and HEC Paris.

Faustine Fleuret took part in a round-table discussion on the prospects associated with the growth of PSANs, DeFi and financial tokenisation, with Anne Maréchal and Sylvie Perrin.

Let’s work together to make the voice of web3 companies heard for our jobs, our competitiveness and our sovereignty.