#France News

European Regulators won’t Oppose Stablecoins but Double-Down on Libra Warning

October 18, 2019 by Ashwath Balakrishnan at Altcoins

Benoit Coeure, a French economist and executive director on the ECB, believes now is the time to step up the weight of regulation for digital currencies. As per Bloomberg, Coeure believes Bitcoin and other major FinTech innovations were being closely watched and allowed to unravel in their sandbox, but now...

soare football player cards blockchain ubisoft

Ubisoft and Sorare to Foster Fantasy Football Blockchain Gaming

October 11, 2019 by Aisshwarya Tiwari at Blockchain

In an official press release issued on October 10, 2019, distributed ledger technology (DLT) firm Sorare stated that it was selected into the Ubisoft Entrepreneur Lab’s program to help it expand the market footprint of its critically acclaimed blockchain-based football game. Official Football Blockchain Cards Are Here In a bid...

French Billionaire Calls to France in Support of Facebook’s Libra Cryptocurrency

October 11, 2019 by Edoardo Vecchio at Altcoins

Xavier Niel, a French billionaire businessman active in the telecommunications and technology industry who is best known as the founder of the French Internet service provider Iliad, wrote an article for LesEchos expressing his support for the Facebook crypto project, Libra, October 11, 2019. Don't Fear the Libra Libra will...

Cryptocurrencies standing proud waving the French flag blockchain

France: Crypto-to-Crypto Transactions Tax-Exempt Unless Traded for Fiat

September 13, 2019 by Ashwath Balakrishnan at Bitcoin

France has welcomed cryptocurrency investments by announcing that crypto to crypto transactions will be tax-exempt, and necessary taxes will be applied only when selling crypto for fiat currency. According to Bloomberg Tax, France will also introduce a value-added tax (VAT) for transactions where crypto is directly used to purchase goods and...

libra neing expelled from EU doors finger

France Finance Minister Intends to Block Facebooks Libra Cryptocurrency in Europe

September 13, 2019 by Anthonia Isichei at Altcoins

The French Finance Minister has vehemently stated that Facebook’s cryptocurrency, Libra, would not be given a chance to develop on European soil. According to a report by RT on September 12, 2019, Facebook’s cryptocurrency is risky for the European market. Libra is a Threat to Sovereign Currencies Bruno Le Maire,...

Blockchain Hybrid Beer IPL Being necked by a dude

Marks and Spencer’s Expands World’s First Blockchain Beer to France and Channel Islands

August 10, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Downstream Hybrid, an India Pale Lager (IPL) brewed by Boyne Brewhouse, with its entire supply chain information stored on the blockchain, is now available at 150 Marks and Spencer’s (M&S) stores across the supermarket’s estate in France and the Channel Islands, reports Retail Times on August 9, 2019. Blockchain Beer...

French Regulators Set to Approve Bitcoin-Linked Firms

July 18, 2019 by Ogwu Osaemezu Emmanuel at Regulation

France’s financial watchdog, the Financial Markets Authority (AMF) has announced plans to implement a new set of rules that will govern bitcoin and crypto-based businesses in the region. The regulation is expected to go live later this month, and it takes care of essential pain points like consumer protection, tax...

Looking in a filing cabinet to find Facebook' coin under project libra drawer

France to Launch G7 Cryptocurrency Task Force in Wake of Libra Concerns

June 21, 2019 by Aisshwarya Tiwari at News, Regulation

According to a report published by Reuters on June 21, 2019, France is set to form a G7 cryptocurrency task force to explore how global central banks can regulate cryptocurrencies like Facebook’s Libra without the risk of it being used for money laundering and other illicit activities. A Crypto-Focused G7...

France Set to Introduce Clear Regulations for Cryptocurrency Token Sales

June 12, 2019 by Anthonia Isichei at ICO/IEO

The French government is looking to introduce clear-cut regulations for ICOs in the country. As reported by Crowdfund Insider on June 10, 2019, regulators in the country want to issue rules governing the issuance of utility ICO tokens, which would serve as a new “ICO regime.” France Moving ahead of the...

Finastra Signs Three French Banks to DLT Lending Consortium

May 15, 2019 by Ashwath Balakrishnan at Adoption, Blockchain, Finance, News

Finastra, one of the world's largest FinTech companies, has added three French Banks to its lending consortium that runs on a distributed ledger. SocGen, BNP Paribas, and Natixis have joined NatWest on the DLT platform that went live in October 2018, as announced on their website on May 14, 2019. ...

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