Massive Monero Cryptojacking Scheme Busted by French Police

Massive Monero Cryptojacking Scheme Busted by French Police

A gigantic Monero cryptojacking scheme, big enough to take down all the civilian websites on the planet, was recently taken down by the French police. The French police cybercrime unit, C3N, believes the scheme was designed by a French-speaking group, which has allegedly made millions of euros from several fraudulent activities. The French cybercrime unit stated that it has received the alert from the popular antivirus company, Avast, about a private server that may be…

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France to Regulate Crypto Companies in Exchange for Regulatory Approval

France to Regulate Crypto Companies in Exchange for Regulatory Approval

France is all set to experiment a legal regulatory framework for cryptocurrency platforms later this month. The framework aims to regulate consumer protection protocols, tax mandates and capital requirements. This move was made by the country’s top financial body, the Financial Markets Authority (FMA). Crypto firms are expected to voluntarily abide by the set of new regulations for which they would be reciprocated with regulatory approvals from the organization. The FMA also released a statement…

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France to Set Up G7 Crypto Task Force to Examine and Regulate Facebook Libra

France to Set Up G7 Crypto Task Force to Examine and Regulate Facebook Libra

As Facebook launched its ambitious global cryptocurrency called Libra, some financial leaders are on their toes working hard to ensure this disruptive innovation doesn’t disrupt the existing financial market or harm consumers. The ongoing court breach case has sent a red flag to financial leaders, raising worries over the security of the virtual coin Libra and, of course, consumers’ protection. On June 21, the governor of France’s central bank, Francois Villeroy de Galhau, confirmed that…

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Facebook’s Cryptocurrency Libra Already Faces Regulatory Battle in Europe

Facebook’s Cryptocurrency Libra Already Faces Regulatory Battle in Europe

Facebook’s new crypto project, Libra, is already facing severe pushback in Europe, just one day after cryptocurrency’s whitepaper was released. Political and financial leaders are calling for tighter regulation of the social media giant given the implications of Libra becoming an independent sovereign currency. In an interview on Europe 1 radio, French Finance Minister Bruno Le Maire warned against branding Libra as an independent and sovereign currency. He insisted that Facebook’s cryptocurrency should not be…

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French Finance Minister Recommends EU Adopt France’s Model of Crypto Regulation

French Finance Minister Recommends EU Adopt France’s Model of Crypto Regulation

On Monday, April 15, French Minister Bruno Le Maire said that France will push for the European Union to regulate cryptocurrencies in line with the regulatory framework on crypto recently brought in, in France. The regulations, which were brought in last week, allow cryptocurrency organizations to run their own operations and have official recognition by the French government but also allow the profit from digital assets to be taxed. On Monday, France’s Financial Markets Authority…

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France Passes Bill to Enable Insurance Providers to Invest in Crypto

France Passes Bill to Enable Insurance Providers to Invest in Crypto

French insurance companies can now invest in crypto and tokens as per a new law passed by the French government. The news was initially reported by the foreign exchange news agency, FXStreet. The new law put into place by the French government is being seen as a major breakthrough in realizing the potential of cryptocurrencies in the insurance industry. The bill was passed in the French parliament on April 11 with a vote count of…

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PwC France Partner: Digital Assets Are for Corporations, Not Central Banks

PwC France Partner: Digital Assets Are for Corporations, Not Central Banks

France’s central bank won’t issue its own digital currency in the near future according to Pauline Adam Kalfon, PwC France blockchain and cryptocurrency partner. Kalfon admits that cryptocurrency has a growing interest and there have been several recommendations to explore the idea further, but says it would be complex to deploy. “France’s central bank may not be the best entity to drive forward such a digital currency project, which would sit within the prerogatives of…

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IBM to Develop a Blockchain Network for France’s National Council of Clerks

IBM to Develop a Blockchain Network for France’s National Council of Clerks

IBM has been involved in a number of projects over the last couple of years implementing blockchain networks for different companies like Walmart and ADNOC. These projects involve implementing blockchain into supply chain operations and food traceability. The company has played an integral role in the development of the industry outside the cryptocurrencies market. Now, the tech giant is furthering that cause by scoring a new deal with France’s Commercial Court Clerks for a blockchain…

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Street Artist Pboy Hides $1,000 in Bitcoin Inside Paris Protests Mural

Street Artist Pboy Hides $1,000 in Bitcoin Inside Paris Protests Mural

As cryptocurrency becomes more popular and more grounded on the financial scene, it is also securing its place in popular culture, including street art. Well known street artist Pascal Boyart (also known as Pboy) has produced a mural painting in Paris, that depicts the protests that have been occurring in France over the last few months. The mural also contains a puzzle with $1,000 worth of Bitcoin hidden within. The protests started on November 17…

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France Dismisses Crypto Tax Amendments in National Assembly Meeting

France Dismisses Crypto Tax Amendments in National Assembly Meeting

On Monday December 17, the National Assembly in France rejected four amendments to various cryptocurrency tax bills. Tensions have been high in France recently, due to riots that have spanned weeks. Police have used tear gas and water cannons on protesters, and violent clashes are continuing to happen between authorities and protesters. The protests began due to a rise in fuel tax, but has since expanded to include many other issues that affect finance, education…

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