Tag Archives: france

Bybit will stop withdrawal and custody services for French users starting January 8, 2025, amid increasing regulatory scrutiny in France. Bybit, a major cryptocurrency exchange, has announced it will cease providing withdrawal and custody services to users in France starting January 8, 2025. This decision follows increased scrutiny from French financial regulators. Bybit reiterated it will fully adhere to all the laws and regulations in the applicable jurisdictions. However, because of the...

Arrest of Durov highlights global discussions about tech regulation and free expression. Rumble CEO Chris Pavlovski fled Europe amid fears following Telegram CEO Pavel Durov’s jail in France. Rumble CEO Chris Pavlovski tweeted that he has “departed from Europe” following the arrest of Telegram CEO Pavel Durov in France. Pavlovski’s exit comes as tensions between Rumble and France rise after the latter had threatened the video-sharing network. Rumble CEO Criticizes France’s Actions Pavlovski,...

After Telegram CEO and founder Pavel Durov was arrested by French authorities over the weekend, more details have emerged that shed light on the reason for his apprehension. On July 8, a judicial investigation was opened against “a person unnamed” on charges related to complicity with various offenses committed using Durov’s messaging app, including money laundering and dissemination of child poronography. Per a press release from the court of Paris shared by Disclose.TV, the...

TL;DR Speculation suggests France might use XRP for its digital euro, backed by positive references from Banque de France. The European Union is progressing towards a digital euro with recent European Central Bank movements. Bhutan and Montenegro have already collaborated with Ripple for their CBDC efforts. Could XRP Find a Spot in France’s Future Financial Plans? Several X (Twitter) users have recently speculated that one of the leading European economies – France – might...

CoinspeakerFrance Modifies Regulatory Requirements for Crypto Firms to Align with MiCA Regulation The "enhanced" registration requirements will be effective from January 1, 2024. France Modifies Regulatory Requirements for Crypto Firms to Align with MiCA Regulation

Societe Generale’s crypto arm – SG Forge – announced acquiring a regulatory license approval as Digital Asset Service Provider from the French Financial Markets Authority (AMF). With it, SG Forge has become the first company to receive a license from France’s financial regulator as a digital asset provider. The DASP license represents the highest level of regulatory certification currently possible for digital asset activities. It is important to note that over 80 entities...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Do you run a cryptocurrency company in America and you’re getting tired of the regulatory confusion surrounding your industry? Are you sick of Gary Gensler and the Securities and Exchange Commission (SEC) breathing down the back of your neck? If that’s the case, you may want to give France a try! France Wants...

Changpeng Zhao, alongside another company spokesperson, refuted the recent reports from French media that Binance was under investigation in the country for alleged money laundering. The company’s CEO explained that such “surprise inspections” are the norm in the European country for both banks and now crypto businesses. According to the report from local media Le Monde, Binance has gone under the scope of the French authorities for failing in its anti-money laundering...

Societe Generale’s crypto arm – SG Forge – has announced the launch of a stablecoin pegged to the euro on Ethereum, dubbed EUR CoinVertible. The latest offering will be accessible to only those institutional investors qualified on the basis of Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. The EURCV Stablecoin According to the official press release, EUR CoinVertible is based on the Ethereum blockchain and will be traded under the ticker symbol EURCV....

Those violating the law could be sentenced to up to two years in jail as well as a fine of 30,000 euros, in addition to losing their social media accounts. On Wednesday, The French National Assembly’s Economic Affairs Committee addressed crypto-related advertisements and promotions in France made by social media influencers. It was agreed that such activities should be banned in order to protect consumers from potential risks. The proposal has been added to Bill no. 790 which aims to...