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Blockchain and Metaverse Monaco Association

obbying Drive by Milena Radoman

Since 2017, the World of Blockchains Monaco association, renamed Blockchain and Metaverse Monaco
Association, has been campaigning for the Principality to position itself as the Blockchain Valley.

“In the minds of the general public, blockchain owever, history would have it otherwise: budget for the digital transition, increased
equals cryptocurrency equals Bitcoin equals this ambitious bill will not be transformed from €24 million in 2017 to €56 million in 2023,
fraud! There are a lot of shortcuts and as it stands. Passed in 2019, the first funds a study on the opportunities offered by
misconceptions about blockchain. It was Blockchain aw is limited to regulating blockchain and the metaverse in Monaco for
to fight against prejudice and explain the token offers. Whilst Thierry Poyet joined both the public and private sectors.
potential of this new technology that Thierry the Interministerial Delegation for Digital
Poyet created the World of Blockchains Transition team in 2018, another member Free Courses
Monaco association in 2017. A ational of World of Blockchains Monaco, Franck Recently, the World of Blockchains Monaco
Councillor at the time, Thierry Poyet initiated ulien, took over at the ational Assembly has been renamed Blockchain and Metaverse
a bill to position Monaco as a strategic to defend the principle of complete, overall Monaco Association. Its new President,
marketplace, thanks to a Regulatory Sandbox regulation. “The government cannot be Cristiano Toso, intends to continue to sing
likely to attract companies looking for a satisfied just with the law on token offerings the praises of and popularise these complex
flexible, modern and pragmatic regulatory alone and claim that it has dealt with the subjects and unite the blockchain players
framework. “Monaco missed the internet subject of blockchain. This response is Monaco.” President of MVE, a security company
bandwagon and I did not want the Principality not satisfactory for the ambitions of the deploying this technology, he intends to set up
to remain on the starting block for blockchain.” Mon gasque state,» said the Minister, profession-specific webinars and tailor-made
is ambition is that Monaco competes with President of the Commission for Digital training on the challenges of these technologies,
the Swiss canton of ug, now a Crypto Valley, Development of the ational Council, who as well as free courses in partnership with the
where you can even pay your taxes in Bitcoin. will work on the law on Digital Assets and Department of Education. “We are going to do
“ ug has developed a real business incubator. Crypto Assets Service Providers, voted in training, organise workshops to explain what
It is the free port of the blockchain, a life-size une 2022, also including the notions of blockchain and the metaverse are, as well as
experiment. By becoming a pioneer state in the avatars and FTs. their advantages (savings in costs, time and
global regulation of blockchains and inviting “ ow, we have caught up. At the legislative security, through optimisation or certification).
economic players to use this technology level, we have all the fundamental stones to A project with a private bank is underway to
on its territory, Monaco could ensure real build the ecosystem,» believes Franck ulien, automate and accelerate their exchange of
leadership in an economic activity that will who nevertheless initiated another bill to information,” the new President also specified.
become decisive in the coming years.” complete the system and requested that the To be continued...

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