On November 8, the first cryptocurrency research institute was established hold Officially opened at the Leonardo da Vinci Center in a business district outside Paris.
The institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific committee includes 11 experts from France’s leading educational institutions, including the French National Center for Scientific Research (CNRS) and Ecole Polytechnique. A committee of six practitioners, including Ledger co-founder Nicolas Bacca and cryptocurrency exchange Paymium founder Pierre Noizat, will also oversee the institute’s work.
Cyril Grunspan, director of the Cryptoasset Institute, said it will focus primarily on educational goals:
“Our goal is not to lobby but to create a forum for discussing crypto assets.”
There were two lectures at the opening ceremony: historian Jacques Favier told the history of currency starting with Bitcoin, and cryptographer David Pointcheval thought deeply about zero-knowledge proofs and anonymity. The Institute will regularly host such public events.
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France is actively seeking a leadership role in Europe’s digital economy and innovation. In September, local telecommunications group Iliad announced an investment of 100 million euros ($106 million) to fund the creation of a “laboratory of excellence” dedicated to artificial intelligence research in Paris. In addition to the lab, Iliad has acquired “the most powerful cloud-native artificial intelligence supercomputer ever deployed in Europe.”
During the market crisis in the first half of 2023, French cryptocurrency companies accounted for 27% of all new investment transactions in the fintech sector.
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