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France’s AMF watchdog gave Coinbase virtual asset service provider (VASP) approval, which is effectively a green light for the company to operate crypto services in the country. French President Emmanuel Macron is seeking to make the country a hub for technologies like AI and crypto, committing billions of euros in subsidies and state funding.
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"France has committed $36.5b of investments, including subsidies and state funding, over five years as part of its 'France 2030' plan, which aims to make the country a leader in Web3."
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