Around 1920, Hemingway traveled to Paris as a journalist stationed in Europe, and the book "The Flowing Feast" recorded the author's life on that day.However, the writing of this book was almost forty years later, in other words, the "scene" of the feast had already disappeared, and both the author and readers were only searching for that past period in their memories

Around 1920, Hemingway traveled to Paris as a journalist stationed in Europe, and the book "The Flowing Feast" recorded the author's life on that day.

However, the writing of this book was almost forty years later, in other words, the "scene" of the feast had already disappeared, and both the author and readers were only searching for that past period in their memories. Both the author and readers had lost focus and transformed these memories in the lens of time.

All memories of Paris are mixed into a common historical memory of Paris.

In this semi documentary and semi fictional work, the customs of the literary circle in Paris in the 1920s slowly unfold, and those characters who were at the forefront of the world's literary and artistic circles at that time are depicted in a few vivid sketches, forever integrated with this city and this book.

And now, 100 years later, Paris is embarking on a brand new feast - the Web3 encryption feast.

Ethereum Community Conference (EthCC), a mobile encryption feast

The most lively activity in recent years is the Ethereum Community Conference held in Paris, France, from July 17 to 20. EthCC is hosted by the non-profit organization Ethereum France and has been held in Paris, France since 2018, aiming to provide more communication opportunities for startups and investors.

At the 2020 conference, Jeromede Tychey, founder and chairman of Ethereum France, stated"In the next decade, we will continue to aim at revitalizing the industry and establish meaningful links within the community. We also want to emphasize that we welcome the French speaking community around the world to join the Ethereum ecosystem."

This year's EthCC will be held from July 17 to 20 local time. Since last month, EthCC has been hard to get a vote, and the conference has been extended from three days last year to four days. It is the most anticipated event after EDCON Montenegro this year, both for Ethereum developers and the entire Cryptocurrency community.

In Paris, it is also worth paying attention to the DeFiSecurity Summit held on July 15th in Paris. Following the enthusiastic response from the first DeFiSecurity Summit held in Stanford, the second summit will be held in Paris, France.

During the two-day period, attendees will listen to the world's leading DeFi security researchers, auditors, and hackers share their unique ways of working. As a leading global blockchain security company, Beosin will certainly not miss this opportunity to access the latest industry trends. Beosin's security experts also arrived on site to communicate with everyone.

In the past year, new DeFi hacker attacks have emerged one after another. According to the Beosin Security Semiannual Report, the loss amount in the first half of this year alone was as high as $600 million. Preventing and resolving these attacks is not only crucial for protecting existing users, but also for the development of the entire DeFi market. We look forward to the DeFiSecuritySummit bringing more inspiration and innovation to the current global DeFi market.

DeFiSecuritySummit on-site

Will Paris, with its own fashion label, perfectly integrate with the Web3 world?

VogueBusiness mentioned in a report in March how Paris has become the best place to integrate the fashion circle and the Web3 world. Just a few days before the opening of Paris Fashion Week in March this year, NFT Paris still attracted global audiences to talk about the future of fashion.The juxtaposition of NFTParis and Paris Fashion Week indicates the city's ability to attract the integration of Web3 and fashion. Paris has formed a unique position to bridge the gap between the luxury fashion field and the technology industry, and can still provide an early interpretation of industry sentiment in the bear market of Cryptocurrency.

At the NFTParis conference, venture capital firm A16Z hosted a dinner for industry leaders from luxury brands, NFTs, and the investment community, with executives from companies such as Balmain, Shopify, and Chanel attending alongside Web3 founders such as Pagotto and Leanne Elliott Young from Rtfkt. It can be seen that fashion brands that frequently favor virtual art forms in recent years still remain the focus of the conference. For example, Balmain and SpaceRunners have teamed up to launch the latest Phydigital sneaker NFT series, while Nike's crypto fashion brand RTFKT and crypto hardware wallet manufacturer Ledger have announced a capsule series, which includes all white custom LedgerNanoSPlus and NanoX, both of which will be sold in virtual form and redeemable for physical items.

The hot holding of many exhibitions shows the support of Paris and its government for Cryptocurrency and blockchain. In fact, Paris has attracted many well-known Cryptocurrency enterprises and organizations, such as ConsenSys, Ledger, etc. With the continuous development of Cryptocurrency and blockchain technology, we have reason to believe that Paris will continue to play an important role in this field.

The Web3 encryption institutions that "grew" in Paris

After conducting research, Beosin found that Paris is very friendly to the crypto ecosystem and emphasizes innovation. Several leading Web3 companies have chosen Paris as their headquarters:

1. Ledger hardware wallet

In 2014, Ledger started by manufacturing hardware wallets and launched a series of products such as Ledger Nano. At the same time, it launched the Ledger Liveapp to provide users with services such as buying, selling, transferring funds, and borrowing. In 2021, Ledger completed a Series C financing of $385 million with a valuation of $1.4 billion, and this year raised an additional $108 million for Series C, with participation from institutions such as 10T, CathayInnovation, and DCG.

2. Flowdesk

3. Kaiko

Kaiko was founded in 2014 to provide institutional companies, DeFi and Web3 enterprises with Market data, portfolio solutions, interest rates and indexes, pricing services, DeFi data and digital asset research covering more than 95% of global transaction volume. Its clients and partners include Deutsche Boerse, ICEGlobalNetwork, Messari, and Paxos. In 2021, Kaiko completed a round A financing of $24 million, led by Anthemis and Underscore. In June 2022, Kaiko completed a Series B financing of $53 million, led by EightRoads, and participated by French venture capital firms Revaia, Alven, PointNine, Anthemis, and Underscore.

4. ACINQ

ACINQ was founded in 2014, focusing on Eclair Lightning Network deployment and mobile wallet application, and developing Lightning Network payment API business for merchants. In 2015, ACINQ began to study Bitcoin Lightning Network. In 2017, it realized its own Lightning Network protocol - Eclair and launched the corresponding Lightning Network wallet. In 2019, ACINQ completed an A-round financing of $8 million, led by IdinvestPartners, with venture capital firm Serena and French state-owned investment bank BpiFrance participating. Then ACINQ launched its second generation Lightning Network self hosted wallet Phoenix, which makes it easier for users to use Lightning Network to pay.

In addition to the aforementioned companies, Web3 project teams such as MorphoLabs, Aleph.im, Pianity, ParaSwap, etc. are also located in Paris.

Regulatory Policy and Future in Paris

A city friendly to Cryptocurrency can be defined as a city that actively creates a legal framework in which Cryptocurrency can flourish, while enhancing Consumer confidence and reducing the risk of fraud. Although many countries are competing to better adapt to the rapidly developing decentralized financial world, France has long been a leader.

In April 2019, the French National Assembly passed a bill called PACTE (Action Plan for Business Growth and Transformation) to boost Economy of France's economy. The bill includes a chapter on digital assets, which establishes the legal framework for Cryptocurrency service providers and initial token products. The focus of this framework includes:

1. The French Monetary Authority (AMF) exercises regulatory responsibilities for cryptocurrency assets.

2. If the initiator of the ICO project meets specific conditions, an application can be filed with AMF to obtain issuance approval

3. Issuers, trading platforms, custodians, and investors of regulated crypto assets must pay taxes on the profits they receive from crypto assets.

4. There are two types of funds that can invest in digital assets: professional crypto asset investment funds and professional private equity investment funds.

A clearer regulatory policy gives it a legal basis, which will help prosper France's crypto asset industry and economic employment. The introduction of this regulatory framework indicates the French government's relatively open-minded attitude towards the blockchain and crypto asset industries.

In May of this year, the European Union issued the Markets in Crypto assets Regulation (MiCA), which was published in the Official Journal of the European Union (OJEU) on June 9th. This will form a unified virtual asset market covering 500 million consumers and 27 EU member states. After an 18 month transition period, MiCA will be officially implemented on December 30, 2024.

MiCA is part of the Digital Finance Strategy package at the macro level of the European Union, which will unify the following rules for EU member states: transparency and disclosure requirements for crypto asset issuance and transaction access; Authorization and supervision of cryptographic asset service providers and issuers; The operational, organizational, and governance rules of Asset Referenced Tokens, Electronic MoneyTokens, and other cryptographic asset service providers; Consumer protection rules for encrypted assets; Measures to prevent market abuse and ensure the integrity of the crypto asset market. Overall, MiCA mainly regulates:

(1) Various types of crypto assets, including E-MoneyTokens, Asset ReferencedTokens, and other Tokens; (2) Various crypto asset services and service providers, including wallet custody services, deposit and withdrawal services, exchange services, asset management services, investment advisory services, etc.

As one of the few countries in Europe that began to regulate Cryptocurrency before the EU MiCA regulation, France said in this regard that it would provide a fast channel for Cryptocurrency companies registered in France to comply with stricter MiCA rules, including stricter governance, consumer protection and financial stability rules. According to MiCA regulations, companies registered in France will receive an additional 18 months to comply with stricter MiCA rules.

While actively promoting the development of virtual asset business, France has always adhered to strict regulation of related activities to ensure the safety of consumers and the market.

Recently, the Paris prosecutor's office confirmed that the French branch of Coin An is under investigation by local authorities for allegedly "illegally" providing digital asset services and engaging in "serious money laundering activities". However, Changpeng Zhao (CZ), the founder and CEO of Coin Security, said on Twitter: "In France, it is normal to make sudden on-site visits to regulated enterprises. Coin Security France fully cooperates with the investigation. Coin Security is not the only Cryptocurrency enterprise to be inspected. This also happened to other well-known Cryptocurrency enterprises in Paris."

Obviously, although the French government supports the investment and trading of Cryptocurrency, it is still very strict in the supervision of the virtual asset market.

Write at the end

Among the countless fictional or non fictional works about Paris in history, "The Flowing Feast" is one of the most famous. The inscription on its title page - "If you are fortunate enough to have lived in Paris when you were young, she will be with you wherever you go in your life, because Paris is a flowing feast" has become Paris' "cultural card" and is widely circulated.

Now, when encryption becomes the new "label" of Paris, what changes and innovations will this city undergo? Let's wait and see.