Epicenter - Learn About Blockchain, Ethereum, Bitcoin And Distributed Technologies

Adan (Association for the Development of Digital Assets), is an organization which helps promote the development of the crypto industry in France, and more broadly in Europe. Its President, Simon Polrot, is also the Co-founder Ethereum France, which host the EthCC conference in Paris.The European Commission has released a regulatory proposal, MiCA (Markets in Crypto-Assets), which falls under The Digital Finance Package. The Adan team have been working hard to understand, dissect and establish positions with regards to this regulation. The scope of this MiCA is vast, and it covers nearly every type of activity which relates to cryptocurrencies, utility tokens, stablecoins, and security tokens in Europe. In addition to being broad, it puts enormous restrictions on the DeFi ecosystem by merely ignoring most decentralized use cases, making it nearly impossible for DeFi to continue existing as we know it. It's an important piece of regulation which would apply to almost every crypto asset company or issuer across