Napoleon Group becomes the first cryptocurrency administrator in Europe
The company is the first to overcome all the regulatory obstacles in the French law to offer cryptocurrency assets administered to institutional traders
France has one of the most complex regulatory environments in Europe and it is worse when it comes to finance and specifically cryptographic assets. In recent years, the country has taken some steps to become a center of activity of the ICO.
People can already benefit from the strategies available on the napoleonx.ai platform for bitcoin and ether, as well as the indexes of the global stock market. An NPX token is necessary to access the application. It is expected that the first investment channels will be launched in the first half of 2019.
Napoleon Group is formed by three entities: Napoleon Capital, Napoleon AM and Napoleon Index, of which the latter will reach a leading position as it will be an editor and administrator of blockchain index of registered regulated brands.
Regulations are fundamental in the cryptographic ecosystem. People do not want to make transactions in a market in which they can be regulated and be out of existence at any time.
France is still outlining its entire cryptographic framework, but it is clear that those who benefit from digital currencies will pay a fixed tax like any other asset.
L.Sáenz
Source: InfoCoin
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