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Tag Archives: france

Another Curious Ripple (XRP) Rumor (Hint: It’s not the IPO)

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...

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Societe Generale’s Crypto Arm Becomes First Entity to Score France’s DASP License

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...

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France is Trying to Attract American Crypto Companies

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...

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CZ Refutes Reports That Binance’s French Branch Was Under Investigation

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...

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Societe Generale’s Crypto Arm Unveils Euro Stablecoin on Ethereum

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....

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France to Ban Influencers from Promoting Crypto Products and Services

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...

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Bittimaatti opens the world’s most northern bitcoin ATM in Finnish Lapland

Bittimaatti, a subsidiary of Finnish cryptocurrency service provider Coinmotion, has opened the world’s northernmost cryptocurrency ATM inside Poronportti, near the skiing center Levi in Kittilä, Finland. With its Bittimaatti machines, bitcoin and other cryptocurrencies can be converted into cash. It’s also possible to buy crypto with the machines. 200km north of the Arctic Circle, Kittilä and the surrounding area have become a very popular holiday destination, especially in the winter,...

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Bank of France Governor Thinks Crypto Companies Should Abide by Stricter Rules

Francois Villeroy de Galhau – Governor of Banque de France – believes cryptocurrency firms should obtain tougher regulatory licenses to continue providing their services. He also stated France should introduce stricter rules for domestic digital asset entities as soon as it is ready with its legislation instead of waiting for other European countries.  Villeroy’s Latest Recommendation According to the central banker, cryptocurrency entities should secure more stringent...

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