Notre Dame Fire is a Terrible Reason to Burn Your Bitcoin

Over a billion dollars have been raised for the reconstruction of Notre Dame. People with deep pockets have seized the opportunity to throw their money around, and Binance refuses to miss a marketing opportunity. The exchange has an ongoing campaign to raise donations from the crypto public and its users – either anonymously or not. Unfortunately, the anonymous option doesn’t come with the ability to send privacy coins. Only Bitcoin, Binance Coin, and Ethereum are accepted for donations. French government may accept bitcoin donations. CZ is on it The French government is looking into accepting crypto, Bloomberg reports, but the

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France Flaunts ‘Right’ Crypto Model as EU Members Feel the Heat

By CCN: France is pushing the boundaries with its new crypto regulatory framework, which it unveiled a week ago. Now the government plans to pressure other EU states to take the “right” approach to crypto regulation. French officials are acutely aware that the blockchain is an emerging field with proven risks, and they have employed a heavy screening burden for projects seeking to sell crypto assets. France’s Finance Minister Bruno Le Maire has been setting the tone for this week’s Paris Blockchain Conference and didn’t mince words: “I will propose to my European partners that we set up a single

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Rebuilding Notre Dame Cathedral: Heart-Breaking Costs of a Catastrophic Fire

By CCN:  Millions watched with tears in their eyes as Notre Dame was ravaged by fire on Monday night. The cathedral’s iconic spire was engulfed in flames before collapsing into ash, and 100 meters of wooden roof work was destroyed. France’s president Emmanuel Macron said the “worst had been avoided,” but attention now turns to the rebuilding effort. In front of the Paris cathedral, he vowed: “We’ll rebuild Notre-Dame together. I am solemnly telling you tonight: this cathedral will be rebuilt by all of us together. We will rebuild Notre Dame because that is what the French expect, because that

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Bitcoin Disrupts France’s Massive $2.5 Trillion Life Insurance Market

If you’re wondering if bitcoin will ever attain wide-scale adoption, look no further than France. French insurance companies can soon include cryptocurrencies in life insurance contracts, thanks to a vote by France’s National Assembly. Pact Act Swings Door Open for Insurance Companies to Invest in Crypto Deputies overhauled the Insurance Code via the Pact Act, with Article 21 swinging open the door for life insurance contracts to invest in specialized professional funds (SPFs), whose investment parameters have reportedly been “relaxed” as a result of yet another provision. Article 26 gives the SPFs the freedom to invest in blockchain-backed assets. Simmons

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France Won’t Launch Cryptocurrency Anytime Soon: PwC Blockchain Exec

France’s central bank won’t issue its own digital currency anytime soon because doing so would be a complex undertaking that could hurt the country’s flailing economy. That’s the assessment of Pauline Adam Kalfon, a blockchain and cryptocurrency partner at PwC France. Pauline Kalfon: Bitcoin is Great, But Cool Your Heels Kalfon admits there’s growing interest in bitcoin and blockchain in France. However, she warned against unchecked over-exuberance, saying the virtual currency economy needs to be battle-tested to ensure that investors are protected from scams, Forbes reported. “France’s central bank may not be the best entity to drive forward such a

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France’s Millionaire Tax Failed – So Will AOC’s Green New Deal

It seems like New York and Alexandria Ocasio-Cortez could learn a thing or two from Europe. The “millionaire tax” that both the state and its most controversial representative are proposing was first attempted in France back in 2012. Then, President Francois Hollande instilled a 75 percent “supertax” on all income exceeding $1.12 million. Two years later, the plan was ultimately canceled because it failed to bring in any serious revenue. Millionaires Don’t Part with Money So Easily Alexandria Ocasio-Cortez has repeatedly made headlines for suggesting a tax hike on millionaires of up to 70 percent, while New York’s Robert Mujica

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French Far-Right Leader Marine Le Pen Faces Imprisonment for Anti-ISIS Tweets

The French far-right leader Marine Le Pen faces three years imprisonment and a possibly €75,000 ($90,000) fine over tweets she shared four years ago showing ISIS atrocities. The 50-year-old former presidential candidate, President of the National Rally political party (previously named National Front), is being prosecuted for distributing violent images, few weeks after the Paris terror attacks in November 2015, where 130 people were killed, according to reports. She was charged last Thursday following her 2015 tweets that showed executions by IS extremists, including the killing of American reporter James Foley. The charges pose a slap on the French parliament

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Vive La France! Facebook, Google, and Amazon Face $452 Million Tax Bill

France expects to collect $452 million in 2019 through a new digital tax that targets 30 Big Tech companies, including Facebook, Google, Amazon, and Apple. On March 6, the French government introduced a 3% digital-services tax on tech giants that earn hefty revenues in France through targeted ads or digital marketplaces. The tax will apply to tech companies whose annual global revenues top $850 million, and at least $28 million in France. The new tax applies retroactively going back to January, according to the Wall Street Journal. The measure comes up for debate in April but is expected to pass

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France Targets Amazon, Google, Facebook for an Annual $500 Million Tax Boost

France is targeting large technology firms such as Google, Amazon, Facebook, Apple, and others in a move that could fetch the French nation about $500 million. French Finance Minister Bruno Le Maire said on Sunday in an interview with Le Parisien newspaper. Le Maire said the tax targets companies with a worldwide digital turnover of at least 750 million euros and French revenue of more than 25 million euros. The target will see over 30 companies paying the taxes, mostly American, Chinese, and British, as well as several firms with French origins that have been bought by foreign companies. The French nation’s

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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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