Google Slapped with $57 Million Fine in Landmark GDPR Case

By CCN.com: French regulators have slapped Google with a landmark $57 million fine for committing GDPR infractions, making it the first major U.S. tech company to face punitive action under Europe’s new digital privacy regime. France Fines Google $57 Million for GDPR Infractions The French Commission Nationale de l’Informatique et des Libertés (CNIL) imposed the

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France’s Largest Bank BNP Paribas Loses $80 Million Due to Trader’s Pre-Vacation Snafu

According to multiple sources, BNP SA, known by many as the largest bank in France, reportedly made a loss of $80 million in derivative trades connected to the United States. The sources confirmed that Antoine Lours, the Head of U.S index trading at BNP, is yet to return to his position at the bank. Lours

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Regulators Begone: Bitcoin Goes on Sale in French Tobacco Shops

Tobacco shops in France are the new counters to purchase Bitcoin thanks to Keplerk. In a follow up to its November 2018 announcement, the Parisian FinTech startup has forged a partnership with six ‘tabac’ centers across the French capital. The cooperation would see the tobacco sellers selling bitcoin vouchers – similar to gift cards –

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Pro-Crypto French MPs Want to Invest 500 Million Euros to Make France ‘Blockchain Nation’

Two pro-crypto members of the French Parliament (Parlement français) want the country to invest up to 500 million euros in blockchain programs to elevate France as a “blockchain nation.” Deputies Jean-Michel Mis and Laure de La Raudière released a report on Dec. 12 outlining 20 proposals to support the development and mainstream adoption of blockchain,

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French Firm Becomes Europe’s First Regulated Crypto Asset Manager Funded by an ICO

France has one of the toughest regulatory environments in Europe and the world generally when it comes to finance and specifically cryptocurrency. The country has in recent times taken a few cursory steps toward becoming a hub of ICO activity, but strict enforcement of crypto regulations is the cost of doing business in a well-connected

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7 Major EU Countries to Go Big on Blockchain: What It Means for Crypto

On December 4, seven EU countries led by Malta and France have established a group called the “Mediterranean seven” to encourage and promote the usage of blockchain technology. In the months to come, the seven countries that include France, Italy, Spain, Malta, Cyprus, Portugal and Spain, will work to implement the blockchain in education, transport,

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French Tobacco Shops Want to Sell Bitcoin — Regulators Aren’t Happy

The French version of the SEC, the Autorité des marchés financiers, along with the Banque de France issued a statement Monday regarding the intentions of KeplerK, a company which was previously reported to have gotten approval and is planning to partner with tobacco shop operators to sell Bitcoin in their stores across the country. It seems

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French Tobacco Shops to Sell Bitcoin From 2019

French cryptocurrency adoption and usage are set to receive a minor boost from next year, as the French Prudential  Supervision and Resolution Authority (ACPR), a regulatory offshoot of the Banque de France has granted permission for tobacco shops in the country to sell bitcoin from January 1, 2019. According to a news report from  Europe

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French Lawmakers Want to Give Bitcoin Investors a Tax Cut

According to a French news website, France’s lower house of parliament (Assemblée Nationale) has backed a proposed plan from its finance commission which will effectively bring the taxes on bitcoin gains in line with other capital gains taxes in the country. At present, bitcoin sales are taxed about 20 percent more than traditional capital gains

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French Bitcoin Startup ACINQ Raises $1.7 Million to Grow the Lightning Network

French bitcoin startup ACINQ has closed $1.7 million in seed funding to aid its development of the tools and services necessary to help the Lightning Network (LN) experience mass adoption. Lightning Network Developer Closes Seed Round According to the announcement, the Series Seed round was led by venture capital firm Serena, with participation from Bertrand

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