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French Regulator Grants its First Approval to an ICO

Posted on January 9, 2020January 9, 2020 by Rehan Yousaf

AMF France, authoritie des marches financiers, the French regulator for the financial markets, posted on its official website details regarding the grant of the first initial coin offering (ICO) in the country. The regulatory approval is a new feature introduced recently by lawmakers and regulators. According to AMF France, the new rules will be ensuring digital asset safety while making sure that companies follow the standard procedures for anti-money laundering practices. Due to regulatory restrictions…

Former French IT Company’s Executive Accused of Stealing $1.2M in Bitcoin

Posted on December 31, 2019December 31, 2019 by Rehan Yousaf

The co-founder of an IT company in France has recently been accused of stealing Bitcoin worth 1.1 million euros. The company, which started in 2013, had a conflict between leadership executives that resulted in a decision to oust the company’s chief executive. Although the exec-turned-businessman continued to seek a new position outside of France, he allegedly started formulating plans to take revenge on the IT company and turned into a hacker. Investigators involved in the…

The First Bitcoin-Featured Commercial Advertised on French Television

Posted on December 8, 2019December 8, 2019 by Rehan Yousaf

Bitcoin has enjoyed its first television commercial on free-to-air station across France. The 30-second video promotes Keplerk, a financial-technology firm based in Paris, and its services. Currently, the ad is running on TF1, France’s national on-air station. Keplerk provides a virtual platform for consumers to exchange traditional fiat money for the digital currency Bitcoin(BTC)trade through exchange services in 6,500 different locations. The commercial features different functions offered by the company where customers can purchase vouchers…

Banque de France Official Suggests Issuance of Central Bank Digital Currency

Posted on November 27, 2019November 27, 2019 by Rehan Yousaf

Denis Beau, First Deputy Governor of Banque de France (France’s central bank) discussed the possibility of central banks in Europe developing a digital currency at the AFME Annual Capital Market Technology and Innovation Conference, held in Paris on 21st November. Beau stated that the tokenization of financial assets, along with applications based on blockchain technology and distributed ledgers used for storage and exchange of electronic assets, can be a possible solution to meet consumers’ demand….

France Takes Bitcoin and Blockchain Into the Official High School Curriculum

Posted on November 4, 2019November 4, 2019 by Julie Williams

Unless you have been living in an isolated cave, you must have heard the infamous quote that suggests cryptocurrencies such as Bitcoin(BTC)trade is the future of currencies. If crypto is the future, then the question is – are we prepared for the future? I guess this must be what France’s government thought of when it decided to introduce Bitcoin and blockchain at large as an everyday course in the National Education Curriculum. Although the French…

France Leads Anti-Libra Coalition to Block Facebook’s Cryptocurrency in Europe

Posted on November 3, 2019November 3, 2019 by Rehan Yousaf

France is leading a coalition of the top five economies of Europe that aims to make the launch of Facebook crypto project Libra in the region unsuccessful. Government representatives from France, Germany, Italy, Spain and the Netherlands have been gathering in backroom meetings to discuss the prospect of blocking Facebook’s launch of Libra in European markets. When asked to comment, spokeswoman of the French Finance Minister, Bruno Le Maire, referred to the minister’s earlier comments…

25K Retail Stores in France to Enable Crypto Payments with EasyWallet

Posted on September 25, 2019September 25, 2019 by Rehan Yousaf

In a recent press release by retail software firm Global POS at the Paris Retail Week, it was announced that a new crypto payment method will enable 25,000 major retail stores in France to accept payments in Bitcoin(BTC)trade by 2020. The system will use the applications “EasyWallet” and “Easy2Play,” which will enable 30 major French retailers to accept Bitcoin as a mode of payment; these retailers include Sephora, Foot Locker, Norauto, Conforama and Decathlon. Even…

The European Central Bank Might Issue Digital Currency to Counter Facebook Libra

Posted on September 16, 2019September 16, 2019 by Ravi Rd

The European Central Bank (ECB) plans to develop an alternative public cryptocurrency, according to a new report on Forbes. French and German government officials back the supposed ECB’s plans for a development of a digital currency, which could become a potential rival to Facebook’s Libra and Bitcoin(BTC)trade like other popular cryptocurrencies. These news can certainly make global crypto investors think about their investment decision which may affect the crypto market in an unknown manner. Margrethe…

France Exempts Crypto-to-Crypto Tax But Not Upon Conversion to Traditional Money

Posted on September 15, 2019October 14, 2019 by Rehan Yousaf

France’s economy minister Bruno Le Maire declared that France will exempt tax on crypto-to-crypto trade but will impose tax when cryptocurrency is converted to traditional money. Le Maire stated that when the capital gain of cryptocurrency is converted into traditional fiat currency, it is the ideal time to implement taxation. The United States has previously set a precedence for taxation on cryptocurrency by taxing the profits of crypto trades at short-term and long-term capital rate….

France’s Finance Minister: Facebook Libra Will Not Be Authorized in Europe

Posted on September 15, 2019September 15, 2019 by Ravi Rd

Facebook’s Libra is already suffering from several political issues within the United States as several Congress members wrote an open letter to Mark Zuckerberg in which they called to halt the development of Libra, Facebook’s native cryptocurrency. Now, in Europe, France has announced that it will block the development of Facebook’s Libra as it could become a potential threat to “monetary sovereignty.” During the opening of Organization for Economic Co-operation and Development (OECD) conference on…

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