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Forbes, the simple truth is that the fortune at European level last year, is expected in questions needed to build a strategy:
of the 17 billionaire crypto entrepreneurs the coming months, the AMF, France’s stock “Do we want to have exchanges’ in the
and investors recorded 116 billion in losses market regulator, also intends to accelerate Principality, that is to say cryptocurrency
from March to December and now there the pace of regulation of the crypto asset platforms Do we want to welcome
are only seven of them left. Amongst the sector, in order to protect users from “bad companies that create cryptocurrency
crypto investors stripped of their billionaire apples that tend to discredit an entire It also raises ecological questions but
status, there are, of course, the co-founders industry,” in the words of its President, do we want to attract companies that
of FT . Sam Bankman-Fried, arrested in the Marie-Anne Barbat- ayani, which will trade Do we want to attract companies
Bahamas and tried in the United States for inevitably have an impact on Monaco. that create services on the blockchain
fraud, faces up to 115 years in prison. ow The Principality has just legislated on the Do we want to welcome residents who
his story is fodder for the screenwriters of creation of digital asset service providers have cryptocurrency assets Do we want
ollywood and GAFAMs Apple and Amazon. and introduced a specific authorisation our banks to accept cryptocurrencies
On a positive note, the FT scandal should regime. A sovereign ordinance should and, if so, which ones “ With its new
also make it possible to accelerate the soon be published to orchestrate the regulatory framework on crypto-assets, the
global regulation of cryptocurrencies. The sanctions and the obligation to inform the Mon gasque state has already answered
G20 is working on a common policy with players in this market, thus completing the some of these questions. It remains to be
the study, in particular, of the taxation of system. “Cryptocurrencies or crypto assets seen today which ecosystem will concretely
cryptocurrencies. The Financial Stability represent an interest and a risk for Monaco. develop in the coming years, an evolution
Board, one of the most powerful financial There is, therefore, a fine line to be found in scrutinised by those in traditional finance.
watchdogs in the world, has announced relation to the reputation of the Principality, Currently, banking, financial and insurance
that it will soon enact regulations on the because you have to be extremely careful activities represent the second-largest
cryptocurrency industry in early 2023. If with these new and risky tools,” Fr d ric contributor to Mon gasque GDP at €1.168
the implementation of the project of the Genta declared a year ago before the billion.
MiCA (Markets in Crypto assets) law, voted ational Council, listing the essential

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