Is FinTech the cradle of innovation?
Finance startups are able to instill a culture of innovation in a highly regulated sector. To do this, they benefit from increasingly peaceful relations with the regulator and traditional banks. Lighting.
France, soon to be a crypto-nation?
If fintech technologies become commonplace, crypto-currencies continue to suffer from a sulphurous reputation amid accusations of speculation. The market also prefers to highlight the blockchain technology that underlies them, which is more politically correct. " Crypto is a disruptive innovation that has long faced resistance from traditional players for regulatory or reputation reasons. », Observes Claire Balva, CEO of Blockchain Partner. All things considered, it makes the comparison with the rivalry between VTCs and taxis occupying the same playing field, but with different rules.
However, it notes a democratization of crypto-assets with open source virtual currencies such as Bitcoin or Ether, accessible to everyone and not just to financial institutions. The announcement of Facebook's Libra project or the recent Coinbase IPO should also participate in this trivialization.
Despite the creation of a authorization of a digital asset service provider (PSAN) by the Autorité des marchés financiers (AMF), Claire Balva considers the regulatory framework to be stricter in France than in our neighbors. " There is a compromise to be found. The necessary protection of citizens must not hamper innovation. Another obstacle remains funding. From a certain amount, entrepreneurs in the crypto world turn to Anglo-Saxon investors. To retain them, it is necessary, according to her, to create a benevolent environment. In this regard, she welcomes the speech of the Minister of the Economy Bruno Le Maire who aims to make France a “crypto-nation”.