Crypto.com Selects Paris For New European Headquarters
This week Crypto.com announced it would be building headquarters in France to base its European arm. Originally from Singapore, Crypto.com has been expanding aggressively across the globe, seeking to add further customers to add to its current 50 million global user count. Crypto.com received regulatory permissions to launch products and services in September. Binance acquired similar approval in May, sparking an uptick in interest in France as a hot cryptocurrency hub in Europe. According to Binance CEO Changpeng Zhao, France is considered pro-business. France’s Finance Minister announced that the country was working on supporting the growth of the cryptocurrency sector, including trialing the use of cryptocurrency in government bond deals. The move will equally benefit French developers, as Crypto.com plans to hire local talent.
Uniglo Set to Acquire Wider User Base in French Investors
The news has garnered much interest from French buyers, and analysts expect many more French investors to enter the cryptocurrency market on the back of this announcement. Projects like Uniglo.io, for example, welcomed the move. Uniglo is a relatively new network based on the innovative notion that native token GLO could be bolstered not only by crypto assets but by tangible treasures too. Buy-and-sell taxes raise money for the treasury, which in turn is used to purchase assets for the GLO Vault. While some assets will be digital, like NFTs and cryptocurrency, others will be more antiquities, like collectibles, antiques, gold, or classic cars. In addition, the French may wish to add fine wines or art to the Vault, as users can vote on what assets are purchased. This way, GLO benefits from the volatile nature of digital assets to boost growth rapidly, which is underpinned by a more steady, reliable appreciation of the traditional investment pieces.
Final Thoughts
Cryptocurrency continues to become increasingly mainstream, with European governments beginning to recognize the value of the industry and seeking ways to embed it in national economics. France, in particular, is tipped to be the next global hub of the Western world. Experts expect many new investors to join the market from France and elsewhere. Projects like Uniglo will certainly benefit from further adoption, as the more users the protocol gathers, the more money is amassed in the GLO Vault for the benefit of the whole Uniglo community. Check out their Telegram here for more info.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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