Tag: France

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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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…

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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…

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France’s finance minister Michel Sapin has proposed making all digital transactions transparent in an attempt to counteract terrorism financing. Sapin has called for uniform rulings for all member-states of the European Union to combat terrorism financing that is being facilitated by innovative solutions such as digital currencies, according to reports from Sputnik France. “There mustn’t be a ban on these technologies…

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