The Big Whale - Regulation

Regulation

Clarity Act: Coinbase and JPMorgan clash over the future of stablecoins

At the heart of the conflict is an explosive issue: yield, which has become the dividing line between financial innovation and prudential stability.

15.01.2026

Grégory Raymond

News

Regulation

Self-custody: towards mandatory declaration of crypto wallets from €5,000 in France

A French amendment adopted in committee paves the way for mandatory declaration of portfolios not managed by third parties (Ledger, MetaMask).

11.12.2025

Grégory Raymond

Analysis

Regulation

Regulation: Is Switzerland isolating itself by overregulating?

Under the guise of international compliance, a draft law currently under consultation could impose constraints on Swiss players that exceed European standards.

09.12.2025

Grégory Raymond

News

Regulation

France: towards an unprecedented tax framework for governance tokens?

The French government has asked for the withdrawal of amendments on the taxation of governance tokens, not to bury them, but to rework them.

04.11.2025

Grégory Raymond

News

Regulation

ECB launches 2nd phase of digital euro project

The ECB puts the public cost of developing the digital euro by 2029 at €1.3 billion, but commercial banks are very concerned about their own.

30.10.2025

Grégory Raymond

News

Regulation

Onchain exchange: Lise obtains approval, the race accelerates in Europe

The French company has just obtained authorisation from the ACPR to operate an onchain trading and settlement system. Germany's 21X and Lithuania's Axiology have already obtained authorisation.

20.10.2025

Raphaël Bloch

Analysis

Regulation

Crypto derivatives regulation: the global landscape

Derivatives now account for more than three-quarters of the volumes traded in crypto, but the way they are regulated varies widely from one jurisdiction to another.

15.09.2025

Beatriz Ferreira

Analysis

Regulation

US vs. Europe: regulatory showdown over stablecoins

The proliferation of regulatory regimes is creating global competition and different business models.

08.09.2025

Beatriz Ferreira

News

Regulation

United States: SEC Chair wants to move Wall Street onchain

On Thursday, the new chairman of the SEC, Paul Atkins, unveiled the "crypto project", a set of measures designed to propel the United States to the rank of world leader in digital finance.

01.08.2025

Raphaël Bloch

News

Regulation

Genius Act and Clarity Act: The United States adopts 2 historic pieces of legislation on cryptos

The United States is taking a decisive step towards regulating cryptos. With the adoption of the GENIUS Act and the Clarity Act, the country has a clear framework.

18.07.2025

Raphaël Bloch

News

Regulation

Stablecoins: the United States adopts the GENIUS Act, what you need to know

The US Senate has just passed a historic milestone for stablecoins. By passing the GENIUS Act, the United States finally has a federal framework for stablecoin.

18.06.2025

Grégory Raymond

News

Regulation

EXCLUSIVE. UK set to open crypto ETNs to retail investors

The UK regulator is preparing to lift the ban on crypto ETNs for retail investors, which has been in place since 2020. ETNs are the European equivalent of US ETFs.

06.06.2025

Raphaël Bloch

Op-eds

Regulation

Smart contract: French court issues ground-breaking ruling

The Créteil court ruled that a developer involved in drawing up a "smart contract" on a blockchain cannot be held liable without proof of personal fault.

04.06.2025

Hubert de Vauplane

Op-eds

Regulation

Crypto: the need to harmonise European and US regulations

In an opinion piece, the director of Global Digital Finance calls for convergence of crypto regulatory frameworks on both sides of the Atlantic.

05.05.2025

Elise Soucie Watts

Interviews

Regulation

Clara Chappaz: "We must avoid the crypto debate being hijacked by a single political family"

The Minister Delegate for Digital Affairs is also calling for the removal of an article in the drug trafficking law aimed at introducing a presumption of money laundering for crypto mixers.

16.03.2025

Grégory Raymond

Interviews

Regulation

Erald Ghoos (OKX): "Our MiFID licence is a game-changer for crypto derivatives in Europe"

OKX is stepping up its expansion in Europe by obtaining MICA and MiFID licences, paving the way for a derivatives offering for institutional (and soon retail) investors.

12.03.2025

Grégory Raymond

Analysis

Regulation

Malta, Eldorado for crypto companies, between speed and lax regulation

Malta has established itself as a crypto hub thanks to rapid approvals, attracting both businesses and the concern of European regulators.

03.03.2025

Grégory Raymond

News

Regulation

Coinbase wins historic victory against SEC: a turning point for the crypto industry

This new development could pave the way for greater legal flexibility regarding the qualification of cryptocurrencies in the United States.

21.02.2025

Grégory Raymond

Op-eds

Regulation

MiCA: in the face of French complexity, Malta establishes itself as a leader in Europe

While Malta has just granted the first MiCA licences (Bitpanda, OKX and Cryptocom), lawyer Arnaud Touati (Hashtag Avocats) is concerned that France could fall behind in this area.

28.01.2025

Arnaud Touati

Analysis

Regulation

Ripple v SEC: a decisive legal battle for the future of cryptos in the US

For the past four years, Ripple and the SEC have been battling it out in a lawsuit that has high stakes for the crypto industry. The case could soon reach a conclusion.

14.01.2025

Grégory Raymond

Op-eds

Regulation

Blockchain: is Switzerland in danger of falling behind?

In an opinion piece, Gabriel Jaccard, a lawyer and member of the Good Token Society, warns that the recent decisions by the Swiss authorities concerning stablecoins are threatening the country's a...

10.01.2025

Gabriel Jaccard

Analysis

Regulation

Crypto regulation in 2025: a year of change

The coming year promises to be a decisive one in Europe, with the entry into force of MiCA and DAC8.

31.12.2024

Grégory Raymond

Op-eds

Regulation

Tornado Cash: what the US judges' decision changes

A US appeals court has ruled that an immutable smart contract is not "property". In an opinion piece, lawyer William O'Rorke (ORWL) explains the changes brought about by this decision.

27.11.2024

William O'Rorke

News

Regulation

DeFi regulation: what framework and what timetable for Europe?

While some crypto associations feared rapid regulation under MiCA, the trend in Brussels now seems to be towards a wait-and-see attitude.

13.11.2024

Louis Tellier

News

Regulation

Exclusive. France to ban Polymarket

The ANJ, France's gambling regulator, is expected to ban access to the site in the near future. The prediction market platform was a big hit during the US elections.

06.11.2024

Grégory Raymond

News

Regulation

Trump re-elected: what this means for the crypto industry

Donald Trump's victory in the US presidential election heralds the arrival of a policy that is very favourable to cryptocurrencies. Here is a summary of his commitments.

06.11.2024

Grégory Raymond

News

Regulation

Trump v Harris: What promises for the future of cryptos?

Whoever wins the US elections, the crypto sector need not fear the identity of the next occupant of the White House.

05.11.2024

Grégory Raymond

Interviews

Regulation

Yorick de Mombynes: "Trump is contributing to the rise of Bitcoin but is sawing off the branch he's sitting on"

Yorick de Mombynes, a magistrate at the Cour des Comptes and a leading Bitcoin specialist, welcomes Donald Trump's pro-crypto stance but warns that it could backfire.

01.11.2024

Exclusive. Ledger fined €750,000 by CNIL

Affected by a data leak in 2020, the global digital asset preservation giant has been found responsible for the management of its customer file.

23.10.2024

Grégory Raymond

Analysis

Regulation

Crypto derivatives: what solutions for traders in the face of regulation?

Blocked by regulators, retail users are now struggling to gain legal access to crypto derivatives. Even DEXs don't seem to be immune.

14.10.2024

Louis Tellier

News

Regulation

Exclusive. Faustine Fleuret to leave Adan

According to our information, Faustine Fleuret, President and CEO of Adan, announced this decision to the association's Board of Directors a few days ago.

03.10.2024

Louis Tellier

Analysis

Regulation

The challenges facing Binance post-CZ

Binance is going to have to radically rethink its organisation in order to comply with the various regulations. The challenge now is to reinvent itself without losing its identity.

01.10.2024

Louis Tellier

Op-eds

Regulation

Staking: what legal qualification for what regulatory framework?

In a joint opinion piece, a number of lawyers and legal experts who are members of the Legal Blockchain & Crypto Association* discuss the legal nature of a rapidly expanding activity.

09.09.2024

Legal Blockchain & Crypto Association

Interviews

Regulation

Cristiano Ventricelli (Moody's): "There should be a system for rating the risks associated with blockchains"

In an interview with The Big Whale, Moody's vice president of digital assets looks back at the challenges ahead for the crypto industry.

05.09.2024

Raphaël Bloch

Interviews

Regulation

Salvador, BlackRock, Worldcoin: Interview with Cryptio, one of the leaders in crypto auditing

Launched in 2018 in Paris, Cryptio has established itself as one of the leaders in crypto auditing. In an interview, its co-founder and CEO, Antoine Scalia explains how the start-up works.

31.07.2024

Raphaël Bloch

Op-eds

Regulation

Blockchain and finance: the great convergence

In an opinion piece, lawyer Anne Maréchal (De Gaulle Fleurance) looks at the gradual convergence between the crypto and banking worlds.

16.07.2024

Anne Maréchal

News

Regulation

Stablecoin: Circle now MiCA compliant

The US company has officially obtained its Electronic Money Establishment (EME) licence, a prerequisite for issuing regulated stablecoin in the European Union.

01.07.2024

Louis Tellier

Op-eds

Regulation

Stablecoins: the challenges post-MiCA

Lawyer Emilien Bernard-Alzias (Simmons & Simmons) believes that, although certain points of MiCA are still unclear, this new regulation will have a considerable impact on the sector in the EU.

28.06.2024

Emilien Bernard-Alzias

News

Regulation

Ethereum: SEC drops its proceedings

After months of investigation, the US securities regulator has ruled that the world's 2nd largest crypto is not a financial security, but a commodity.

19.06.2024

Raphaël Bloch

News

Regulation

Europe: Binance to restrict access to unregulated stablecoins

While stablecoins such as USDT will still be available for trading, they will be removed from certain features.

03.06.2024

Europe: unregulated stablecoins could remain accessible via the private market

While unregulated stablecoins will no longer be available to retail investors from 30 June, they could continue to be accessible via private markets.

23.05.2024

Louis Tellier

Analysis

Regulation

United States: The political backstage of a historic U-turn

Ethereum ETFs, which will probably soon be authorised to the surprise of everyone, are benefiting from an electoral climate that is favourable to the sector. It is hoped that a new regulatory fram...

23.05.2024

The excesses of financial supervision threaten our democracies

In a lengthy op-ed, the Director of Strategy at Paymium reflects on the conviction of developer Alexey Pertsev (Tornado Cash) and the threat it poses to public freedoms.

17.05.2024

Alexandre Stachtchenko

Op-eds

Regulation

Tornado Cash trial: the end of the illusion of decentralisation

Lawyer William O'Rorke (ORWL) looks back at the consequences of the Tornado Cash trial, which resulted in the conviction of developer Alexey Pertsev. Tribune.

17.05.2024

William O'Rorke

News

Regulation

Kraken bets "more than ever" on Europe

As the markets recover, the US platform wants to accelerate its growth in Europe, particularly in its business with institutional investors.

25.04.2024

Raphaël Bloch

Interviews

Regulation

Côme Prost-Boucle (Coinbase): "Having Coinbase in France is excellent news for the entire ecosystem".

Côme Prost-Boucle, who took over as head of Coinbase France two months ago, has been busy meeting new people. His objective? To make the American platform the new heavyweight on the French market.

23.04.2024

Raphaël Bloch

News

Regulation

Jonum: a scheme that (greatly) divides the sector

Far from bringing them closer together, the "Jonum" regime, which introduces a specific framework for games using blockchain, has accentuated the divide between crypto and traditional players.

18.04.2024

Raphaël Bloch

News

Regulation

Luxembourg: towards a proliferation of crypto funds?

6M has just received the green light from the Luxembourg regulator to be authorised to "help" other crypto funds to operate. Further authorisations are expected to follow.

10.04.2024

Raphaël Bloch

News

Regulation

Fund segregation: AMF puts pressure on exchanges

The Autorité des marchés financiers is pushing for French PSANs to stop working with platforms that do not segregate their users' funds.

20.03.2024

Louis Tellier

Op-eds

Regulation

Crypto regulation: how do you choose the right regime in Europe?

Even if MiCA is going to harmonise regulations in Europe, there are still certain differences between countries that some companies could take advantage of, as emphasised by lawyer Arnaud Touati, ...

16.03.2024

Arnaud Touati

News

Regulation

Four stablecoins soon to be regulated in Europe

In just under four months' time, stablecoins will need to have the compulsory regulatory licences to continue operating in Europe. A handful of players stand out.

07.03.2024

Louis Tellier

Op-eds

Regulation

Will 2024 be a good year for the French Web3?

France could do well in a Web3 market that is entering a new phase of growth, according to Franck Guiader, head of the Gide 255 team at Gide.

05.03.2024

Franck Guiader

Analysis

Regulation

MiCA: Tensions over stablecoins

There is still a great deal of uncertainty surrounding the future European regulation of stablecoins. This ambiguous situation seems to benefit traditional banking institutions.

28.02.2024

Louis Tellier

Interviews

Regulation

Jean-Baptiste Graftieaux (Bitstamp): "We are going to launch a fully regulated derivatives offering".

Bitstamp, which claims to be the most regulated exchange platform on the planet, is constantly expanding its services, particularly for businesses.

15.02.2024

Raphaël Bloch

Analysis

Regulation

MiCA: behind the scenes of a decisive year for European players

New European regulations will come into force by the end of the year. Although crypto companies will benefit from a transition period, many may not succeed.

31.01.2024

Louis Tellier

News

Regulation

Exclusive. Binance leaves Adan's Board of Directors

Six months after its election, the French subsidiary of the world's largest crypto exchange is stepping down from the board of the digital asset trade association.

15.12.2023

Raphaël Bloch

News

Regulation

Salvus becomes the first French stablecoin to obtain its e-money licence

It is the third crypto player to obtain this approval in Europe, after the Finnish company Monerium, which issues the stablecoin EURe, and the American platform Gemini.

29.11.2023

Louis Tellier

Analysis

Regulation

Stablecoins: the great blur in Europe

From 30 June 2024, stablecoin issuers will have to comply with a set of rules, the details of which have not yet been clarified.

29.11.2023

Louis Tellier

Op-eds

Regulation

Tax returns: platforms must do more to help their customers

For Stéphanie Némarq-Attias, Partner at D&A Partners, the government's intention to force trading platforms to provide more information to their customers is a step in the right direction.

28.11.2023

Stéphanie Némarq-Attias

News

Regulation

PSAN approval: scepticism from traditional players

Despite the guarantees of PSAN approval, many traditional players, particularly in finance, are not necessarily ready to work with 100% crypto players.

23.11.2023

Grégory Raymond

Analysis

Regulation

After Binance's conviction, subsidiaries under pressure

The agreement with the US Department of Justice and the conviction of Binance and its CEO will have consequences for the group's subsidiaries, particularly in France.

22.11.2023

Louis Tellier

News

Regulation

Taxation of staking: towards legal clarification

An amendment aimed at harmonising the taxation of staking income with that of mining income has been approved by the government. This income will be treated as non-commercial profits (BNC).

26.10.2023

Grégory Raymond

Op-eds

Regulation

NFTs: the SEC's losing battle

In the space of a few weeks, the SEC has penalised two companies for selling NFTs, which are considered to be financial securities. A questionable decision, according to lawyer Ingrid-Mery Haziot.

23.10.2023

Ingrid-Mery Haziot

News

Regulation

EXCLUSIVE. "Jonum" regime: Ubisoft threatens to ban its games in France

Barely passed by the French National Assembly, the bill to regulate video games using NFTs is attracting criticism from the gaming world.

19.10.2023

Grégory Raymond

Analysis

Regulation

Europe: the burning question of the number of regulators

While Europe has by far the most advanced regulation in the world, some are concerned that regulators lack the resources to apply it effectively.

04.10.2023

Louis Tellier

Analysis

Regulation

Europe: the major challenges facing the crypto ecosystem

After a year marked by difficulties, the European ecosystem is looking to bounce back over the next 12 months. Between regulation and standardisation, there is no shortage of work to be done!

28.09.2023

Louis Tellier

News

Regulation

EXCLUSIVE. Sorare to join Adan

The decision to join France's leading crypto association comes at a time when the specialist in NFT-based games is facing a number of regulatory challenges.

21.09.2023

Louis Tellier

News

Regulation

EXCLUSIVE. Sorare recruits crypto regulation expert

Jennifer D'Hoir, who worked for many years at the Autorité des marchés financiers (AMF), joins the French unicorn in charge of global regulation.

11.09.2023

Raphaël Bloch

Op-eds

Regulation

Crypto: "Making a living from trading alone doesn't make you a professional!"

In an opinion piece, lawyer Margaux Frisque (D&A Partners) discusses the recent ruling that an investor who lives solely from trading is not necessarily a "professional".

04.09.2023

Margaux Frisque

Interviews

Regulation

Stéphanie Cabossioras (Binance France): "Crypto players need to obtain authorisation fairly quickly".

In an interview with The Big Whale, she looks back on her achievements and calls on the authorities to go even further on Web3 and cryptos.

30.08.2023

Louis Tellier

Interviews

Regulation

Grayscale: "The SEC has lost its main argument against a Bitcoin ETF".

Grayscale's legal victory over the SEC undermines the US regulator's anti-Bitcoin ETF stance. Morgane Fournel-Reicher (Kramer Levin), a lawyer specialising in financial law

29.08.2023

Grégory Raymond

Interviews

Regulation

Paul Grewal (Coinbase): "The environment is becoming much more favourable in the US".

After some very complicated months for the crypto industry, things are looking up in the US, according to Coinbase's general counsel.

23.08.2023

Raphaël Bloch

Interviews

Regulation

Joseph Lubin: "European regulators are smarter than the rest".

In an exclusive interview with The Big Whale, the co-founder of Ethereum and start-up ConsenSys looks back at the evolution of the second largest blockchain on the planet.

20.07.2023

XRP: why Ripple has not yet won against the SEC

A New York court ruled on Thursday that XRP is not a "financial security". However, this position only applies to sales of tokens via exchange platforms.

14.07.2023

Grégory Raymond

Analysis

Regulation

MiCA: a headache for the European regulator

While the European regulation on crypto-assets has been definitively adopted, its future application is already giving the European Securities and Markets Authority a few cold sweats.

12.07.2023

Raphaël Bloch

Interviews

Regulation

Regulation, Europe, Binance... Exclusive interview with Faustine Fleuret (Adan)

Faustine Fleuret, the only candidate to stand for re-election, has just been re-elected as head of the Association for the Development of Digital Assets (Adan). In an interview with The Big Whale, she

05.07.2023

Raphaël Bloch

Analysis

Regulation

Digital Euro: Brussels unveils its legal framework

The European Commission has just published draft legislation to govern its future central bank digital currency.

28.06.2023

Grégory Raymond

Analysis

Regulation

Investigations, regulation... What does the future hold for crypto exchanges?

‍The regulatory battle opening up in the United States could shatter the historical model of exchange platforms. What impact will this have on European players?

22.06.2023

Grégory Raymond

News

Regulation

Adan: towards new governance?

Faustine Fleuret, the current president of the Association for the Development of Digital Assets (Adan), is standing for re-election without too much difficulty.

22.06.2023

Raphaël Bloch

Analysis

Regulation

Binance also under investigation in France

The French subsidiary of the world's largest crypto trading platform is suspected of "aggravated money laundering" and illegally operating in France.

16.06.2023

Raphaël Bloch

Interviews

Regulation

Ooki DAO: behind the scenes of a historic decision

A decentralised autonomous organisation (DAO) has just been recognised as a legal entity by an American court.

14.06.2023

Grégory Raymond

News

Regulation

EXCLUSIVE. XAnge gets the green light from the AMF to invest in tokens

This is the first time that an investment company has obtained this authorisation in France. Other funds are expected to follow.

08.06.2023

Raphaël Bloch

Analysis

Regulation

SEC special report: is this the end of cryptos in the US?

By suing Binance and Coinbase, the US Securities and Exchange Commission (SEC) has struck a major blow against the crypto ecosystem. What consequences will these cases have?

08.06.2023

Raphaël Bloch

News

Regulation

SEC: what Binance risks with the lawsuits

After several months of investigation, the US Securities and Exchange Commission has decided to take legal action against the world's largest internet platform and its founder.

06.06.2023

Raphaël Bloch

Interviews

Regulation

Regulation is good, but we also need to encourage innovation on the Web3

For the second year running, Belgian centrist MP Christophe De Beukelaer is organising Brussels Blockchain Week, which starts this Wednesday.

05.06.2023

Raphaël Bloch

News

Regulation

OKX sets up its European headquarters in Paris

The Seychelles-based exchange announced on Tuesday that it had applied to the AMF for PSAN registration...

22.05.2023

Raphaël Bloch

Interviews

Regulation

Paul Midy: "There will be tax reductions of between 30% and 50% for individuals who finance innovation".

Appointed by the government, MP Paul Midy (Renaissance) is looking at ways of providing better funding for French start-ups, particularly in innovative sectors such as Web3...

16.05.2023

Raphaël Bloch

Op-eds

Regulation

With MiCA, the EU has gone some way towards regulation

TRIBUNE. For Dramane Meite, head of products at crypto investment firm Hashdex, MiCA regulations have enabled the European Union to position itself well in cryptos...

15.05.2023

Dramane Meite

Analysis

Regulation

Bermuda, British Virgin Islands... Why crypto companies keep going there

Despite their 'bad' image, some jurisdictions still attract a great deal of interest...

11.05.2023

Raphaël Bloch

Analysis

Regulation

Crypto influencers: what the Senate vote means for them

Yesterday evening, the senators 🇫🇷 voted for a new version of the law on influencers, with a major relaxation on cryptos...

09.05.2023

Raphaël Bloch

Analysis

Regulation

DAC 8: the EU's lethal weapon for monitoring crypto-taxpayers

The European Commission is preparing a directive that would prevent holders of cryptos from circumventing taxation in the 27 member countries...

03.05.2023

Grégory Raymond

Op-eds

Regulation

Bitcoin: a counter-intuitive solution to climate change

For Alexandre Stachtchenko, co-founder of Blockchain Partner, one of the advantages of the world's leading cryptocurrency is that it is available in limited quantities and therefore deflationary...

02.05.2023

Alexandre Stachtchenko

Analysis

Regulation

MiCA: what the new crypto regulations 🇪🇺 will change (or not)

On Thursday, MEPs definitively adopted the MiCA regulation, which will provide a framework for cryptos in Europe...

19.04.2023

Jean-Baptiste Graftieaux (Bitstamp): "We preferred compliance to unbridled growth".

The market leader since its launch in 2011, European exchange platform Bitstamp has steadily lost ground to new players by focusing on regulation...

11.04.2023

"Influencers Act: towards a more flexible regime

An amendment was tabled to ban the promotion of crypto companies not approved by the AMF...

22.03.2023

The Big Whale

News

Regulation

Coinbase: the Parisian temptation

With another strong presence at Paris Blockchain Week (21-23 March), the American giant continues to make inroads in the French capital...

22.03.2023

Dante Disparate (Circle): "France is increasingly seen as a leader in crypto"

The American giant Circle, which issues the USDC dollar stablecoin, announced this week that it would be setting up its European headquarters in Paris...

22.03.2023

Circle relies on France for its European expansion

After Binance and Crypto.com, it's the turn of another international crypto giant to set up its European headquarters in Paris...

21.03.2023

The Big Whale

Interviews

Regulation

Influencers Act: "The idea is not to ban talking about crypto-assets"

‍The PS MP for Calvados, Arthur Delaporte, is preparing to defend a long-awaited bill to regulate the practices of influencers, particularly crypto...

14.03.2023

Raphaël Bloch

News

Regulation

Crypto influencers: towards strict regulation?

A cross-party bill seeks to prohibit influencers who are not registered with the Autorité des marchés financiers (AMF) from promoting crypto projects....

08.03.2023

Grégory Raymond

Raphaël Bloch