What We Know About Yellow Vests’ Bank Run and How Crypto Could Help It

On Jan. 7, activists of the French grassroots political movement the Gilets Jaunes — Yellow Vests — announced a bank run via social media, essentially hoping to meet their goals by destabilizing the local financial system. Dubbed the “Collectors’ Referendum,” the movement’s latest demonstration calls on supporters to withdraw their savings from financial institutions on…

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French Tobacco Shops Start Selling Bitcoin Despite Regulatory Uncertainty

Several tobacco shops in Paris, France, have started selling Bitcoin (BTC) for fiat despite regulatory uncertainty, Reuters reports Tuesday, Jan. 8. Reuters has learned that the world’s largest cryptocurrency can now be purchased at six tobacco shops throughout Paris. However, in a contradicting report French magazine Capital has claimed that there are as many as…

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Bitcoin Goes on Sale in 2 French Tobacco Stores

At least 24 tobacco shops have started selling bitcoin coupons in the French capital of Paris. Widely known as “tabacs”, the stores received regulatory approval for the cryptocurrency sales late last year. More than 6,500 tabacs – representing about a quarter of the registered tobacco stores in France – are expected to start offering BTC…

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French MPs Want To Invest Over $500 Million In Blockchain

A French member of parliament (MP) says 2019 must be the year of blockchain in France, recommending that the equivalent of around $568 million USD in government funding be diverted to the new technology. Jean-Michel Mis, a liberal MP from the party of French president Emmanuel Macron, La République En Marche (LREM), has co-authored a…

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France Tobacco Stores To Sell Bitcoin, Ether Starting In January

Between 3,000 and 4,000 tobacco companies in France will start selling cryptocurrencies in their stores as of January 1, 2019. Customers can purchase coupons of 50, 100 or 250 euros that can then be exchanged for bitcoin (BTC) or ethereum ( ETH) on the KeplerK platform. The stores, commonly known in France as “Tabacs,” have…

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Court Drops Charges Against Alleged Btc-e Operator Alexander Vinnik

The lawsuit against alleged Btc-e operator Alexander Vinnik for “fraud, money laundering, and other grave crimes” filed in Cyprus has reportedly been dropped. His lawyer says the case “fell apart at the very early stage” at the initiative of the plaintiffs themselves. Lawsuit Dropped The lawsuit filed in Cyprus against Alexander Vinnik has reportedly been…

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French Regulators Warn Against Tobacconists’ Bitcoin Service

The Banque de France denies involvement in initial Keplerk bitcoin voucher reports. French FinTech startup Keplerk’s plan to sell bitcoin vouchers at tobacconists around France just became a bit more complicated after the Autorité de Contrôl Prudentiel et de Résolution (ACPR), the Autorité des Marchés Financiers (AMF), and the Banque de France issued a joint…

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Greek Court Accused of Violating the Rights of Alleged Btc-e Operator, Postpones Hearing

The judges at the Greek supreme court have been accused of violating Alexander Vinnik’s rights. The alleged Btc-e operator has been detained in Greece since July last year. The hearing against his extradition to France has also reportedly been postponed. Rights Violation Alexander Vinnik, who allegedly operated the former cryptocurrency exchange Btc-e, has been detained…

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France To Build A Regulated ICO and Crypto Industry

New Rule of Engagement for Crypto Firms in France Many countries are stacked with the hard choice on crypto, failing to make the decision on whether to ban it, regulate it or leave them unregulated. The French government is looking up to lure cryptocurrency companies into state established regulations. The country’s authority says cryptocurrencies would…

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Students are Paying in Bitcoin to Study Blockchain in Paris

Financia Business School, a dedicated financial and business degree awarding institute in Paris, now teaches blockchain and accepts cryptocurrency payments from its students. The school, founded in 2014 and offering post-Bachelor and MBA level qualifications,  teaches master classes in fintech and now is one of a number of establishments to teach blockchain in France. Financia’s…

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Blockchain Technology is Taking Off in the Aviation Industry

Airports and aviation platforms all over the world are looking at blockchain technology to improve certain processes. The latest is the collaboration between Air France-KLM and Winding Tree. Airports are busy places. People rushing for their flights, staff rushing to make said people happy, family members saying goodbye or hello. Things can get hectic, which is…

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Societe Generale Revamps its Reconciliation Systems by Partnering with Duco

In its latest step towards reinventing its operations functions, Societe Generale has partnered with Duco, an enterprise software as a service (SaaS). According to a statement released by Duco today, the French multinational bank will deploy its platform as one of its key primary reconciliation and data control systems across the group. Duco is a…

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16 Crypto Trading Sites Get Blacklisted by French Market Regulator

French market regulator AMF has blacklisted a third batch of cryptocurrency trading platforms in 2018. Sixteen crypto sites have been blacklisted in France for offering unauthorized trading services,  market regulator Autorite des marches financiers (AMF) said on Wednesday. Seven of the platforms were still up and running at the time of writing, while the remaining…

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UNICEF France Now Accepts Crypto Donations

The United Nations Children’s Fund (UNICEF) France is now taking donations in cryptocurrencies. Following the success of GameChaingers, a crypto fundraising program launched in February of this year, UNICEF France announced it is now accepting donations in nine cryptocurrencies, including bitcoin, ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Monero, EOS and Stellar. “Cryptocurrencies and blockchain technology…

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Ex-BTC-e Operator Alexander Vinnik to be Extradited to France

As part of an ongoing criminal case that has drawn international attention, a Greek court has agreed today to extradite Russian cybercrime suspect and ex-Bitcoin BTC-e platform operator Alexander Vinnik to France. The move comes after Greek authorities decided exactly where to send Vinnik, who is also wanted on criminal charges in the U.S., specifically…

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What World Leaders Think About Crypto, and How They Want Decentralization to Bolster Centralised Power

Given the apparent sensitivity of cryptocurrency markets to regulatory and political developments, it stands to reason that the world's leaders —  and what they think about crypto — will be vitally important in determining the direction the cryptocurrency market will travel in the future. Many leaders have been willing to sit back over the past…

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France Closer to Becoming ICO Center with New Blockchain Accelerator

Chain Accelerator, a venture providing support for blockchain startup, launched on Monday in France. Europe now has its first blockchain accelerator following the recent launch of Chain Accelerator in Paris, France. Comprising 30 industry experts and executives, it will help blockchain-oriented enterprises make their first steps in the market. The new entity will provide support…

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IBM Announces Creation Of 1,800 New Jobs At European Tech Summit

IBM plans to hire for positions in AI, IoT, cloud computing, and blockchain. France is ready to welcome the new jobs. IBM has announced that over the next two years it intends to hire 1,800 new workers focused on the areas of cloud computing, AI, blockchain, and IoT. The announcement was made by IBM chair…

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French Crypto Regulation à la carte: Context, News, Perspectives

France has been hard to classify on the crypto lovers/haters spectrum. During the 2018 G20 meetings, it claimed to aim at being a blockchain pioneer. At the same time, its ICO volumes are dwarfed by much smaller neighbors like Switzerland. On April 26, France dramatically cut the taxation of gains on cryptocurrency trading. Let’s see…

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ICO Regulatory Framework To Be Introduced In France

The Autorité des marchés financiers (AMF), the French financial supervisory authority, is reportedly preparing a new regulatory framework with regard to initial coin offerings (ICO). According to local news outlet Les Echos, the French Ministry for the Economy and Finance confirmed that the regulatory framework proposed by the AMF would recognize ICOs as a legitimate…

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