French MPs Want Government to Invest 500 Million Euros in Blockchain

French MPs Want Government to Invest 500 Million Euros in Blockchain

Blockchain technology is set to become the catalyst in the next technological mini-revolution. Even as cryptocurrencies saw a steady decline of their prices throughout 2018, blockchain technology has been getting a lot of attention in the tech industry. Only after the hype of crypto currencies have died down that the tech pundits and industry giants like IBM, Amazon, Walmart, Unilever, and Samsung are realizing the powers of the underlying technology of all cryptocurrencies. For-profit organizations…

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France’s Central Bank Confirms It Doesn’t Support Bitcoin Vouchers in Tobacco Shops

France’s Central Bank Confirms It Doesn’t Support Bitcoin Vouchers in Tobacco Shops

On Wednesday November 21, Fédération des Buralistes, France’s tobacco federation reported that they received permission to sell Bitcoin in tobacco stores from January 2019. This was made possible because the tobacco federation teamed up with KeplerK, a French cryptocurrency wallet. It will mean that 4000 tobacco shops will be able to sell Bitcoin vouchers with the value of 50, 100, or 250 euros. It was a French radio network that first reported the issue, the…

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France Advances towards Less Crypto Taxes with New Amended Bill

France Advances towards Less Crypto Taxes with New Amended Bill

On Wednesday November 7 the French National Assembly’s Finance Committee amended the bill of finance to “clarify and simplify the tax regime applicable to crypto-assets.” The amendments will come into play from January 1, 2019. Key Points: A 30% one-off flat rate fee will be applied to profits from the sale of crypto assets. This would apply to any crypto assets that are converted into “lawful” currency, or assets “used as a means of payment…

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French Football Club Paris Saint-Germain to Issue Cryptocurrency via “Fan Token Offering”

French Football Club Paris Saint-Germain to Issue Cryptocurrency via “Fan Token Offering”

Another attestation to the wide expansion of cryptocurrency has materialized recently, this time not from the natural habitat of the financial sphere, but from another utterly distinct field – the world of sports. One of the most popular football (“soccer” in American English) clubs in the world, France’s Paris Saint-Germain (PSG) has partnered up with the blockchain-powered tokenized voting platform Socios.com; this would enable the distinguished French team to launch a Fan Token Offering (FTO),…

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The U.S., France and Russia Fight Over the Extradition of a Russian Crypto Expert from Greece

The U.S., France and Russia Fight Over the Extradition of a Russian Crypto Expert from Greece

The most famous active investigation in the world right now is of the Special Counsel Robert Mueller in the U.S., which probes into the Russian-meddling in the 2016 Presidential Election, and if the Trump campaign had any connection to it. The investigation had already previously brought to the surface one surprising principal component that is reinforced by an international imbroglio: cryptocurrency. According to new reports, a Russian cryptocurrency expert who ran a crypto exchange called…

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