France

French Businessman Detained for Stealing €1.2 Million in Crypto From His Partners

An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing 182 BTC from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris. Also read: Russia’s Supreme Court Recognizes Tokens as Assets...
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France’s Social Media Stalking Points to the Violence of Fiat, Consent of Crypto

France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car. The country’s budget minister, Gérald Darmanin, called the court-approved experiment ‘one more tool to fight fraud.’ Exemplified by...
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Greek Court Suspends Decision to Extradite Alexander Vinnik

The Supreme Administrative Court of Greece has suspended a decision to extradite the alleged BTC-e operator Alexander Vinnik. The temporary measure has been imposed to allow the review of an appeal against the extradition. The Russian national, accused of laundering billions of dollars through the now defunct cryptocurrency exchange, started a new hunger strike last...
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Regulatory Roundup: New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto

In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal...
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Token Up: French Regulator Approves First Initial Coin Offering (ICO)

France’s top financial regulator has approved its inaugural initial coin offering (ICO) for release to the public, the first time such approval has ever been granted in the European power. The Autorité des marchés financiers, or the French Financial Markets Authority (AMF), was the body behind the approval. In accordance with the recently passed and...
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France Approves First ICO

The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has made its first initial coin offering (ICO) approval. While token sales remain legal as a fundraising option in France, only those that have been approved by the AMF may be marketed directly to the public. Also read: France Adopts New Crypto Regulation France’s...
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Central Bank of France Has Digital Currency Trials Planned for 2020

France’s top public banker has confirmed the nation’s central bank intends to trial a digital currency in 2020, a reality that puts the European power on pace to be one of the first country’s in the world to do so. In remarks given at an French Prudential Supervision and Resolution Authority (ACPR) event on December...
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Will Europe Beat China in the Central Bank Crypto Race?

The European Central Bank has been urged to move quickly w.r.t it’s crypto euro launch if it is to gain the edge over other regions (read China).  Crypto Euro Plans Pursued According to a Reuters report Bank of France, Governor Francois Villeroy de Galhau spoke at a finance conference in Paris this week urging the...
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France Announces Digital Currency Venture: Crypto Bulls Roar

According to a report from the AFP News Agency, France’s central bank will be launching a digital asset (decisively different than a crypto asset) in the coming year.France to Launch Digital CurrencyThe outlet reported via Twitter, the Bank of France’s governor, Francois Villeroy de Galhau, said in a recent statement that his organization will start...
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Mainstream Crypto Media Hits France And Switzerland Via TV Ads

The latest cryptocurrencies news are apparently spreading all over the world – and not just online – but also in the mainstream media. This month, we can see that there are more and more crypto advertisements being streamed on national TV channels across France and Switzerland.This is obviously an attempt to promote the crypto industry...
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French Ministry of Education Publishes Bitcoin Resource Guide for Educators

As digital currencies transform the world, concepts like Bitcoin continue to percolate into academic courses and higher education worldwide. The French Ministry of National Education’s recently published economics and social sciences resource guide for teachers discusses cryptographic money like Bitcoin. Also Read: ECB President: ’We Should Be Happier to Have a Job Than to Have...
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European central banks could ‘band together’ to issue a CBDC

We live in a world where we rarely act, but often react. Europe is playing on that very tendency. From the East and the West of the continent, digital currencies are being embraced rapidly. On the other side of the Atlantic, Facebook, the social media giant, sent shockwaves throughout the corporate and sovereign world by...
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The Demand for Permissionless Freedom Is Just Getting Started

Every year the world seems to be getting crazier and more people are starting to realize that it stems from oppressive government transgressions against a peaceful society. The world has noticed millions of people from France, Hong Kong, Venezuela, Indonesia and more are rising up because citizens are sick and tired of the manipulation. Because...
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French State-Owned Bank Joins $8M Lightning Network Startup Funding

Bpifrance is one of the three major backers of Bitcoin’s Lightning Network implementation developer ACINQ. One of the developers of Bitcoin’s (BTC) Lightning Network has secured $8 million in funding from partners, including a bank partially owned by the French state. State-owned Bpifrance funds Lightning development In a press release published on Oct. 9, Bitcoin...
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French State-Owned Bank Joins The Lighting Network Startup Fund

The UAE Social Ministry of Community Development (MOCD) will soon host a competition for developing blockchain software in the social sector. As the latest blockchain news today show, this is a major development for applications of this type.Everything started when the MOCD announced the “Social Blockathon” competition with a total prize fund of $16,300 to...
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25,000 Points of Sale in France to Accept Bitcoin Payments

More than 25,000 points of sale in France will soon be able to accept bitcoin payments through applications provided by Global P.O.S., a retail software provider, according to a press release from the company. To enable the payment option, Global P.O.S. is leveraging their Easy2Play payments platform and EasyWallet application. Nearly 30 brands are expected...
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4 Countries That Really Don’t Like Facebook’s Crypto Libra

Governments around the world went on high alert after American social media giant Facebook announced a permissioned blockchain digital currency, named Libra. Unsurprisingly, the prospect of a privately-backed alternative digital currency didn’t exactly excite financial regulators in North America, Europe, and Asia. Here are the four countries that really don’t like Facebook’s Libra. France Is...
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Why Are France & Germany Blocking Facebook’s Crypto? The Euro, Apparently

For those most part, governments have ignored Bitcoin. While the crypto asset’s proponents see it as the future of money and finance, sporting the potential to usurp fiat currencies as we know them today, governments haven’t played along. More likely than not, they see BTC as nothing more than a criminal’s tool or a form...
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French Finance Minister: No Tax on Gains from Crypto-to-Crypto Trades

France’s Finance Minister says the government will not impose taxes on the gains from crypto-to-crypto trading unless converted to fiat currencies. This move appears to be part of the plan by French authorities to track virtual currency transactions. Meanwhile, the Finance Minister says the country’s government will make efforts to stop Facebook’s Libra cryptocurrency from...
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Ethereum’s Vitalik Buterin says Libra is a wakeup call for governments

Facebook’s nascent crypto project libra has run into serious problems, with fresh objections being raised from regulatory bodies across the globe, right from its announcement in June. Recently, France’s finance minister Bruno Le Maire announced that they won’t allow any development of Libra in their country as it threatens government’s monetary sovereignty. Right after France’s...
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France Takes Out Tax Requirements on Crypto-to-Crypto Trades

Bruno Le Maire, the French minister for the economy, has revealed that the government will not be imposing taxes on crypto-to-crypto trades. The policymaker made his statement in an interview with Bloomberg on September 12, 2019, stating that they will only be taxing cryptocurrency gains when they are converted into fiat. As for the country’s...
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France Blocking Facebook Libra in EU Shows True Power of Bitcoin

Governments and policymakers have been in an uproar ever since Facebook debuted their Libra cryptocurrency to the world, prompting the first signs of stricter regulation around crypto and Bitcoin looming.Among the list of concerned governments is France, whose Finance Minister just revealed that it would work to prevent the “development of Libra on European soil.”...
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Op Ed: Portugal Clarified Its Bitcoin Tax Code; Other Nations Should Take Note

Portugal is a standout in the EU for its less conventional, more progressive approaches to certain areas of public policy. It was the first (and still the only) country in the EU to decriminalize all drugs — a radical solution that has had the salutary effect of combating addiction and drug overdoses.  The Iberian country...
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Crypto Exchange Rokkex Incorporates Ledger Vault to Improve Security

Ledger will provide its asset management system to Estonian cybersecurity-focused crypto exchange Rokkex. French hardware wallet producer Ledger will provide its asset management system to Estonia-based crypto exchange Rokkex. Cybersecurity-focused exchange Built by Lithuanian cybersecurity and fintech professionals, Rokkex will integrate its trading platform with Ledger’s enterprise wallet management solution Ledger Vault to secure its...
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Launch of Facebook’s Crypto “Libra” Triggers Regulators From France to the U.S.

Just as many anticipated, Libra, Facebook’s seminal crypto project, launched its white paper on Tuesday. In it, it confirmed reports that Visa, Mastercard, Uber, and other corporate giants were getting involved. While many in the cryptocurrency community, even staunch Bitcoin maximalists took the news in stride, regulators from France to the United States quickly expressed...
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Scam Alert: French AMF Warns about Crypto Firm Targeting Young People

According to an official announcement published on April 9, the Autorité des Marchés Financiers (AMF) has issued a stern warning to the people of France about Kuvera LLC, a local company that is reportedly offering training modules and specialized software for trading on highly speculative products, including foreign exchange markets and digital assets. The AMF,...
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