Bitcoin 

Libra Confident, France Angry, Domino’s BTC Prize: Hodler’s Digest, Sept. 9–15

Top Stories This Week Facebook’s crypto launching in H2 2020, says Libra Association chief The head of the not-for-profit driving Facebook’s Libra digital currency has said he is confident that seemingly endless regulatory difficulties can be ironed out — paving the way for the token to launch in the second half of 2020. Bertrand Perez’s comments came on Thursday — the same day French Finance Minister Bruno Le Maire warned “we cannot authorize the development of Libra on European soil.” He fears that the stablecoin puts monetary sovereignty of European…

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Bitcoin 

Domino’s Pizza Launches $100K Bitcoin Prize Competition in France

The French unit of Domino’s Pizza launched an ordering competition with a prize of $110,000 in Bitcoin (BTC) or cash. Game is active from Sept. 4 till Oct. 6 According to a company’s tweet on Sept. 6, Domino’s Pizza France initiated the 100,000 euro give away on the occasion of its 30th anniversary.  Started on Sept. 4, the contest will allow buyers to participate in games while ordering pizzas from Domino’s until Oct. 2, while purchase registration will be available till Oct. 6, according to the campaign’s website. As noted…

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Bitcoin 

France Set to Approve First Crypto Firms Under New Rules This Month

France is poised to approve initial coin offerings (ICO) operators and other crypto businesses with its new regulatory approach to the sector.  ‘France is a Precursor’ As Reuters reported on July 16, the new rules — expected to take effect later this month — will enable crypto-related businesses to voluntarily submit themselves to national standards on capital requirements, consumer protection and taxation in return for the regulator’s green light.   Anne Marechal — executive director for legal affairs at the Financial Markets Authority (AMF) — told reporters that the bold crypto…

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Bitcoin 

France Creates G7 Taskforce to Examine Facebook’s Libra, Crypto Regulation

A G7 taskforce is being created to examine how central banks can regulate cryptocurrencies such as Facebook’s libra, Reuters reported on June 21. Francois Villeroy de Galhau, the governor of France’s central bank, said: “We want to combine being open to innovation with firmness on regulation. This is in everyone’s interest.” Although Paris has said it is not against Facebook creating a financial instrument, it vehemently opposes libra becoming a sovereign currency. Concerns have been raised over how to ensure cryptocurrencies comply with anti-money laundering laws, consumer protection rules and other regulatory matters. The G7 taskforce is…

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Bitcoin 

Bank of France is Closely Watching Stablecoin Developments, Says Governor

The Bank of France has taken an interest in stablecoins, as indicated by the bank’s governor Francois Villeroy de Galhau in a Bloomberg report on May 14 . Villeroy has said that the bank is “observing with great interest” growing networks that allow members to exchange stablecoins for tokenized securities, goods, and services. He makes a point to distinguish stablecoins from cryptocurrency tokens at large, however, saying that stablecoins “are quite different from speculative assets like bitcoins, and more promising.” Villeroy has been an outspoken critic of bitcoin in particular,…

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Bitcoin 

France to Push EU Member States to Adopt Its Cryptocurrency Regulations

France is reportedly going to try to convince other European Union member states to adopt cryptocurrency regulations similar to its own, Reuters reported on April 15. Bruno Le Maire, French Minister of the Economy and Finance, reportedly stated that France will encourage other EU countries to adopt cryptocurrency regulations similar to those France approved last week. The news rules reportedly aim to attract cryptocurrency issuers and traders to France by providing them some official recognition, while taxing their profits in return. Per the newly adopted regulation, cryptocurrency operators will have…

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Bitcoin 

France Passes Bill to Allow Insurance Providers to Invest in Crypto and Tokens

French insurance markets can now invest in cryptocurrencies, following the passage of a new law, foreign exchange news agency FXStreet reports April 11. On April 11, the National Assembly of France adopted a bill that is designed to stimulate local business development, including redirecting savings from individuals to businesses, according to local news agency Les Echos. According to Reuters, the Assemblee Nationale voted 147 in favor and 50 against. Known as “Plan d’action pour la croissance et la transformation des entreprises,” (Pacte) the act reportedly allows insurance providers in France…

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Bitcoin 

Greek Supreme Court Rules in Support of Extraditing Alleged Bitcoin Launderer Vinnik to France

The Supreme Court of Greece has ruled in support of a decision to extradite the alleged former operator of now-defunct crypto exchange BTC-e Alexander Vinnik to France. A “correspondent at the scene” from major Russian state-owned news agency TASS reported the news Dec. 19. As previously reported, 39-year old Russian national Vinnik, a.k.a “Mr. Bitcoin,” was first indicted by United States authorities and detained in Greece on July 25, 2017, on criminal charges of fraud and allegedly laundering up to $4 billion in Bitcoin (BTC) via BTC-e. Russia and France…

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