Tag: France

A security officer belonging to the French Intelligence Agency – General Directorate of Internal Security (DGSI) was arrested last week for selling state secrets on the Dark Web in exchange for bitcoin, reported Le Parisien on October 1, 2018. What Went Down? The acts of the unidentified agents were first brought to light by the judicial police and then transferred…

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France is seeing a booming startup culture thanks to blockchain technology. While several years ago, the country was a deadzone for fintech or internet based companies, France has seen a resurgence of its entrepreneurial spirit owing to crypto, blockchain, and fintech friendly legislation. While France is far from the the center of attention in Europe’s thriving blockchain community, it is…

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French President Emmanuel Macron announced a plan to transform the country’s business landscape on June 18, 2018. The changes outlined in the platform included everything from a reduction in the complexity involved while setting up a business to a more streamlined auditing process. Surprisingly, however, the President’s plan also included a provision for cryptocurrency-related ventures. Macron Acknowledges ICOs According to…

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IBM CEO Virginia Rometty was one of the dignitaries present at the “Tech for Good” conference organized by French President Emmanuel Macron on May 23, 2018. And she has pledged to hire 1,800 French nationals as part of the tech giant’s contribution to Macron’s project which seeks to make France a hotbed for artificial intelligence and blockchain technology. IBM-Macron Alliance…

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Bruno Le Maire, France’s finance minister since May 2017, has publicly stated that he has obtained a renewed interest in the cryptocurrency sector and blockchain technology. In an interview with Alex Stachtchenko, the co-founder of Blockchain Partner and La Chaintech, two blockchain associations based in France, Le Maire said: “I was a rookie a year ago, but now, I’ve been…

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At a time when several countries of the world are busy slapping hefty and entirely unreasonable tax rates on bitcoin-related transactions, the French Council of State has drastically reduced the fees bitcoiners will pay to the government with effect from April 26, 2018. Movable Property According to Le Monde, French authorities have declared that the profits generated from cryptocurrency transactions…

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The l’Autorité des Marchés Financiers (AMF), which is the French body of financial markets regulation, is currently preparing legislation for the blockchain industry’s latest fascination; ICOs. An ICO, or Initial Coin Offering, is a means to raise fund via the issuance of tokens to the public before listing on a cryptocurrency exchange, and according to French newspaper Les Echos, France…

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Financial market authority, the Autorité des marchés financiers (AMF), published a press release on March 15, stating that it has blacklisted cryptocurrency and cryptoasset investment websites which unlawfully ask individuals in European countries to invest in cryptocurrencies and digital assets. France Takes a Strong Stance on Cryptocurrency Websites According to AMF The “blacklist” comprises of 15 website addresses, which are…

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French independent market and financial regulator Autorité des Marchés Financiers (AMF) has issued a public statement on February 22, 2018, warning and prohibiting cryptocurrency exchanges offering derivative and binary options from advertising their products in electronic media. Old Regulations Still Apply The AMF is of the view that since these cryptocurrency exchanges offer these products as any other securities to…

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France is the latest country seeking to combat reports of money laundering and tax evasion in the cryptocurrency industry. The country’s finance minister Bruno Le Maire has expressed his desire for new guidelines and a regulatory framework surrounding the digital currency ecosystem.  Cryptocurrency Gains Momentum According to Le Maire, bitcoin and other cryptocurrencies have resulted in an alarming amount use…

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