Expectations for Paris Blockchain Week were relatively low considering the downbeat market conditions. However, Paris can always surprise you. Indeed, conference halls at the event were not nearly as empty or depressing as Consensus after the big crypto meltdown of 2018. People were present, and conversations were fruitful. (And yes, the croissants were, as always, delicious.)
In 2022, the conference was held symbolically in Palais Brongniart, a building known for hosting the historical Paris Stock Exchange until 1987. This time, organizers managed to outsoar themselves and held the event right under Louvre in the elegant “Carrousel du Louvre” conference halls.
Related: PBW 2023 explores the current state of the blockchain space
Evening side events took place all around central Paris, overlapping and pushing some attendees to have three or even four dinners each night. Star speakers did not make any overly positive market predictions, but the conference vibe was definitely optimistic.
Is Paris the next best bet for crypto?
With regulators tightening their grip on crypto companies in the United States, Europe might be the next bet for crypto. While Paris is already home to prominent companies in the space — such as Ledger and The Sandbox — rumors are spreading that some big players will move their offices here or become more active in Paris.
We were honored to host @jerallaire, Co-Founder and CEO of @circle, at Paris Blockchain Week.
He shared his insights on the urgent need for the US government and regulators to catch up with other countries in setting clear rules for stablecoins. Allaire highlighted the… pic.twitter.com/wc4FFVJuyU
— Paris Blockchain Week (@ParisBlockWeek) March 29, 2023
Binance held its blockchain event in Paris last year. Circle just announced that it is seeking regulatory approvals in France and wants to establish a headquarters in Paris. Who knows? Coinbase could be next. Obviously, regulation will be a major factor in the future success of any European stablecoin or crypto service.
Need for crypto consortium
Another subject that flowed through many keynotes and discussions was the lack of industry collaboration. While it’s obvious to everyone now that crypto’s narrative is falling short, the question is: How can major industry players unite to stabilize the industry long-term and ensure its growth?
Related: EU MiCA crypto regulation is a ‘balancing act’: Paris Blockchain Week 2023
Some experts called for the industry to…
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