France has often framed crypto as a form of “unproductive wealth” basically something speculative, not especially useful to the real economy and that’s even more striking when you consider that crypto gains for individuals in France are generally taxed at a 30% flat rate
And yet Macron is now attending Paris Blockchain Week this April
At first glance, that sounds inconsistent. But I think both positions can coexist
My read is that France may still be skeptical of crypto as a speculative asset, while recognizing that blockchain infrastructure, tokenization, stablecoins, digital identity and onchain finance are becoming too important to ignore
I feel like this is less about France suddenly being pro-crypto, and more about France not wanting to be late on a sector that could become strategic
What do you think? A real turning point, or just a PR move?
Weird how France went from calling crypto “unproductive wealth” to Macron speaking at a blockchain event in Paris…
byu/No_Place3041 inBitcoin
Posted by No_Place3041
7 Comments
Or simply gatekeeping plebs while they fill the bags
Looks like France is still in their awkward “blockchain phase”
I’ve also found a form where you can apply to get complimentary tickets that give access to that event (original price is €1,699 )
for anyone curious to check it out: [https://share.hsforms.com/2oxyxKcAzRw2RifJi-CNLJA3n10g?utm_source=reddit&utm_medium=post&utm_campaign=complimentarytickets](https://share.hsforms.com/2oxyxKcAzRw2RifJi-CNLJA3n10g?utm_source=reddit&utm_medium=post&utm_campaign=complimentarytickets)
more strategy than a real shift, they don’t want to fall behind while still viewing crypto as speculative
And yet here we are at extreme fear with any blowoff top on the last cycle
“France calling…” , you are literally asking people to not take this post very serious.
Not a turning point yet, just France hedging its bets.