After Telegram CEO and founder Pavel Durov was arrested by French authorities over the weekend, more details have emerged that shed light on the reason for his apprehension. On July 8, a judicial investigation was opened against “a person unnamed” on charges related to complicity with various offenses committed using Durov’s messaging app, including money...Read More
Worldcoin has disabled its offline orb verification feature for users in three markets – India, Brazil, and France. The development comes after a surge in people lining up at specified venues amid the excitement to register and acquire free Worldcoin (WLD) tokens, according to the report by MoneyControl. Worldcoin’s ‘Orb’ is a spherical hardware device...Read More
Binance has issued an official statement detailing how users should proceed after its France division’s partnership with Paysafe expired this week. Binance expects a brief interruption to certain services as a result of the end of the collaboration, a decision that has been deemed to be “unilateral.” Paysafe ‘Unilaterally Decided to Stop Processing EUR Deposits’...Read More
Popular digital asset custodian, Hex Trust, announced obtaining Digital Asset Service Provider (DASP) registration granted by Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France. The development comes amidst escalating regulatory tensions in the United States, which has prompted a number of crypto firms to strategically relocate or...Read More
Societe Generale’s crypto arm – SG Forge – announced acquiring a regulatory license approval as Digital Asset Service Provider from the French Financial Markets Authority (AMF). With it, SG Forge has become the first company to receive a license from France’s financial regulator as a digital asset provider. The DASP license represents the highest level...Read More
Changpeng Zhao, alongside another company spokesperson, refuted the recent reports from French media that Binance was under investigation in the country for alleged money laundering. The company’s CEO explained that such “surprise inspections” are the norm in the European country for both banks and now crypto businesses. According to the report from local media Le...Read More
Societe Generale’s crypto arm – SG Forge – has announced the launch of a stablecoin pegged to the euro on Ethereum, dubbed EUR CoinVertible. The latest offering will be accessible to only those institutional investors qualified on the basis of Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. The EURCV Stablecoin According to the...Read More
San Francisco-based blockchain firm, Ripple, announced its first On-Demand Liquidity (ODL) customers in France and Sweden. According to the company, the European market is ripe for disruption with RippleNet-powered ODL. The main aim of the partnerships is to facilitate real-time payments across borders utilizing by Ripple’s financial technology – RippleNet – across the two regions....Read More
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) conducted an 8-month trial on different technologies and central bank digital currencies (CBDCs). It determined that such monetary products could take part in the global financial ecosystem and assist cross-border payments. The CBDC Experiment Earlier this year, SWIFT launched a program whose purpose was to link different...Read More
Singapore-based digital asset exchange CryptoCom has received a license from the French regulatory authorities Autorité des marchés financiers (AMF) to operate in the country as a digital asset services provider (DASP). The approval was granted after the exchange was cleared by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The ACPR is an independent...Read More
French international banking group BNP Paribas is in the news after the conglomerate, along with the French bank CA CIB and the French investing company Caisse des Dépôts, announced the launch of a project exploring a digital interbank currency (DIBC). The venture in question will also include tokenizing solutions firm Tokeny and The Blockchain XDEV...Read More
Customers in France can now pay in Bitcoin when they order from Just Eat France which is an online food ordering company and a part of the UK based Just Eat group. Moreover, the platform announced on its website that it would use Bitpay as its BTC payment provider. There was no official announcement about...Read More
With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
