Tag: France

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

The French government has passed a new ruling authorizing the use of distributed ledger technology for the issuance of mini-bonds and recording of trades. The new statute not only gives a clear definition of blockchain technology in French law, it also recognizes the technology as a recording tool that can be used for the transfer and authentication of ownership titles…

READ MORE

KeeeX, a French blockchain startup specializing in document storage and sharing, has raised €100,000 (US$112,000) from undisclosed private investors, the company announced earlier this week. The new funding brings Keeex’s total capital raised to €500,000. Other investors and shareholders in the company include SATT Sud-Est, BPI France and Région PACA. Laurent Henocque, founder and CEO of KeeeX, said that the…

READ MORE