French encryption industry lobby group: encryption promotion ban will undermine France’s attractiveness for Web3

According to reports, Adan, a lobbying group in the French encryption industry, said that plans to ban social media influencers from promoting unauthorized encryption products would undermine France’s appeal to global Web3 participants. Members of Parliament supported a measure proposed by the Parliamentary Economic Committee last week aimed at preventing harmful promotional activities involving high-risk financial products, drugs, and cosmetics. Adan said that before the industry prepared to implement a stricter registration system, the approval had caused an additional blow to the industry and pushed innovation to other countries. The organization hoped that the Senate debate could re establish a version that was more suitable for all innovative developments in Web3, while ensuring consumer protection.

French encryption industry lobby group: encryption promotion ban will undermine France’s attractiveness for Web3

I. Introduction
– Explanation of the report on Adan’s response to a measure proposed by the Parliamentary Economic Committee
– Short background on Adan and the French encryption industry
II. Overview of the measure proposed by the Parliamentary Economic Committee
– Explanation of the measure aimed at preventing harmful promotional activities involving high-risk financial products, drugs, and cosmetics
– Implications of the measure on social media influencers promoting unauthorized encryption products
– Why Adan opposes the measure
III. Adan’s response to the measure
– Explanation of how Adan sees the measure as undermining France’s appeal to global Web3 participants
– How the measure will affect the French encryption industry
– Adan’s call for a more suitable version of the measure that ensures consumer protection while supporting innovative developments in Web3
IV. Conclusion
– Recap of Adan’s response to the measure and their hopes for the Senate debate
– Final thoughts on the issue and its impact on the French encryption industry
FAQs:
1. What is Adan?
– Adan is a lobbying group in the French encryption industry.
2. What is the measure proposed by the Parliamentary Economic Committee?
– The measure aims to prevent harmful promotional activities involving high-risk financial products, drugs, and cosmetics.
3. Why does Adan oppose the measure?
– Adan sees the measure as undermining France’s appeal to global Web3 participants and harming the French encryption industry.
# Adan Opposes Ban on Social Media Influencers Promoting Unauthorized Encryption Products
According to reports, Adan, a lobbying group in the French encryption industry, said that plans to ban social media influencers from promoting unauthorized encryption products would undermine France’s appeal to global Web3 participants. The measure was proposed by the Parliamentary Economic Committee last week, aimed at preventing harmful promotional activities involving high-risk financial products, drugs, and cosmetics.
The encryption industry is a crucial aspect of the Web3 ecosystem. Its products and services enable online security, financial transactions, and data privacy. In this light, Adan has expressed concerns that the proposed measure would have negative repercussions on the growth and development of the French encryption industry.
Adan opposes the measure primarily because it will have implications for the promotion of unauthorized encryption products through social media. The organization argues that this will have a detrimental effect on the French encryption industry, which is still in its early stages of development. By banning social media influencers from promoting unauthorized encryption products, Adan claims that the industry will experience an additional blow and push innovation to other countries. This issue comes at a time when the industry is already preparing to implement a stricter registration system.
Adan is hopeful that the Senate debate will revisit this issue and establish a more suitable version that supports all innovative developments in Web3 while ensuring consumer protection. The organization sees the measure as counterproductive in building an attractive investment environment for the French Web3 industry. In Adan’s opinion, the measure does not take into account the peculiarities of the Web3 sector, which requires a more nuanced approach.
In conclusion, Adan’s opposition to the proposed measure is based on the potential harm it will cause to the French encryption industry. As the industry prepares to establish registration systems, such a ban will negatively impact its growth and development. Adan calls for a more nuanced approach towards ensuring consumer protection while supporting innovation in the Web3 sector.
FAQs:
1. What is Adan?
– Adan is a lobbying group in the French encryption industry.
2. What is the measure proposed by the Parliamentary Economic Committee?
– The measure aims to prevent harmful promotional activities involving high-risk financial products, drugs, and cosmetics.
3. Why does Adan oppose the measure?
– Adan sees the measure as undermining France’s appeal to global Web3 participants and harming the French encryption industry.