Tag Archives: france

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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,...

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...

San Francisco-based blockchain firm, Ripple, announced its first On-Demand Liquidity (ODL) customers in France and Sweden. According to the company, the European market is ripe for disruption with RippleNet-powered ODL. The main aim of the partnerships is to facilitate real-time payments across borders utilizing by Ripple’s financial technology – RippleNet – across the two regions. Ripple’s New Partners in France and Sweden As part of the deal in France, Ripple inked a...

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) conducted an 8-month trial on different technologies and central bank digital currencies (CBDCs). It determined that such monetary products could take part in the global financial ecosystem and assist cross-border payments. The CBDC Experiment Earlier this year, SWIFT launched a program whose purpose was to link different CBDCs systems and thus ease the difficulty in cross-border settlements. Back then,...

Singapore-based digital asset exchange CryptoCom has received a license from the French regulatory authorities Autorité des marchés financiers (AMF) to operate in the country as a digital asset services provider (DASP).  The approval was granted after the exchange was cleared by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The ACPR is an independent administrative authority that exercises prudential supervision of regulated financial firms in France. ...

Alexander Vinnik – a man accused of bitcoin fraud – will be extradited to France, according to the justice minister of Greece.Vinnik Will Face French LawmakersKonstantinos Tsiaras has recently signed an order requiring that the alleged Russian cryptocurrency scammer be sent to the country though at press time, no extradition date has been set.Vinnik has been accused of laundering billions of dollars in cryptocurrency funds. He was arrested in 2017 while on vacation in Greece per the request...

Governments around the world went on high alert after American social media giant Facebook announced a permissioned blockchain digital currency, named Libra. Unsurprisingly, the prospect of a privately-backed alternative digital currency didn't exactly excite financial regulators in North America, Europe, and Asia. Here are the four countries that really don't like Facebook's Libra. France Is Not a Fan of Libra France has, perhaps, been the most vocal opponent of Facebook's...