Denis Beau, the first deputy governor of the Banque de France, has warned that the recent executive order from the Trump administration promoting dollar-backed stablecoins could significantly adversely affect Europe’s financial independence. He stressed the urgent need for Europe to accelerate the development of a digital euro to protect its ...
France’s state-owned investment bank, Bpifrance, has committed €25 million ($27 million) to purchase cryptocurrencies as part of its strategy to support homegrown blockchain initiatives. In a March 27 announcement, Bpifrance revealed its plan to invest in emerging projects with a strong French presence, receiving tokens in return. The bank aims ...
Société Générale, France's third-largest bank by assets, has successfully completed a blockchain-based repurchase agreement (repo) transaction with the Banque de France. This marks the first time a central bank has utilized digital securities for such a transaction. In a statement released on December 13, Société Générale revealed that the deal ...
ByBit has announced that it is ceasing operations in France due to recent regulatory actions by French authorities. Effective August 2, the company will restrict French users' accounts to "close-only" mode, preventing new positions or deposits. Users in France have been instructed to close all open positions and withdraw their ...
A new study commissioned by the top French financial regulator, the Financial Markets Authority (AMF), has highlighted a substantial uptick in cryptocurrency investments among French retail investors. The study, which was based on a survey of over 8,000 participants, revealed that about one in four French adults are now actively ...
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have completed a collaborative experimental test focused on cross-border trading and settlement involving wholesale central bank digital currencies (CBDCs). According to a report published by the Banque de France on September 28, 2023, the experimental ...
Binance recently announced that it had obtained the highly respected ISO 27001 and ISO 27701 certifications. These certifications, which focus on information security governance and privacy information management, were granted to Binance in three jurisdictions: France, Bahrain, and the United Arab Emirates (UAE). The external auditor responsible for assessing Binance's ...
