Tag: France

Twenty-six France-based companies including RCI Bank, Allianz France, Alten, BNP Paribas, and others, have tested R3‘s proof-of-concept blockchain solution with support from the French Association of Corporate Treasurers (AFTE). The system is targeted at helping firms conduct better know-your-customer (KYC) checks, according to a press release by RCI Bank on December 3, 2018. KYC on the Blockchain RCI Bank and…

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The price of bitcoin crashed by a staggering 33 percent in the last seven days after uncertainty sparked by the bitcoin cash “hash war” reminded markets in the prior week how volatility cryptoassets still are. Bitcoin dropped from $5,600 on Monday morning to around $3,750 by Sunday afternoon, to reach a new twelve-month low. Bitcoin’s steep price decline was exemplified…

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KeplerK, a France-based fintech firm has established a strategic partnership with tobacco shops in the region to enable them to sell bitcoin (BTC) to cryptocurrency enthusiasts in the state starting from 2019, reported Reuters on November 22, 2018.    KeplerK Fueling Bitcoin Adoption Amidst Per sources close to the matter, purchasing the world’s flagship cryptocurrency, bitcoin in France will soon…

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South Korea’s lawyers have lobbied the government to establish a better legal framework around blockchain that would help develop the industry and protect investors. More regulation was also urged in Thailand, where on November 7, 2018, the Deputy Prime Minister has called for more measures to control cryptocurrencies and prevent them from being used to fund terrorism. Back in Europe,…

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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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