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The global crypto exchange has been facing intense regulatory scrutiny. Most of its regulatory issues are in Europe Binance has urged customers in France to convert their fiat currency on the exchange to crypto. This comes on the heels of the crypto exchange losing its euro banking partner Paysafe. As part of
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After losing its euro banking partner, Paysafe, Binance France has proposed that its customers should convert all the fiat money they hold on the exchange into crypto immediately, according to comments from an executive to local media. The partnership between Binance France and Paysafe expired on Sept. 25. The latter was
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The Autorité des Marchés Financiers says the initiative should help professionalize commercial influence. France’s financial regulator, the Autorité des Marchés Financiers (AMF), has revealed a new online general training course to grant legitimate influencers a certificate. In a press release, the agency said the initiative should help “professionalize commercial influence, an activity
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AMF Chair Marie-Anne Barbat-Layani noted that the financial sector is highly regulated, and investment communications must be law-compliant, clear, and balanced. Two regulators in France, The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP), have jointly set up a training module for finfluencers. Previously, the
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Modified provisions of the AMF General Regulation for digital asset service providers cover "security and internal control systems, systems for managing conflicts of interest, clear, accurate and non-misleading information, public pricing policies, specific custody provisions (segregation of client assets vs. own assets)," and bans firms from using client assets without
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The registration, which follows last year's approval in Italy, is "a significant milestone" for its European expansion plans, Hex Trust said. Source
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With Paris recently hosting the sixth annual EthCC, the first since the introduction of MiCA, this year’s iteration also feels especially significant in line with the recent surge in President Macron’s efforts to make France fertile ground for Web3 enterprise. Having already inspired Circle, Binance and Crypto.com to make Paris
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bank de France has unveiled the outcomes of its wholesale central bank digital currency (wCBDC) trial. The experimentation comprised twelve diverse tests carried out over the past three years in collaboration with several European central banks, commercial
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance France has unveiled its first-ever audited financial statements, following its ability to secure registered status in the country. A recap of the report In adherence to local regulatory and legal mandates, Binance France commits to publishing these
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"Through these experiments, the Banque de France shows the operational feasibility and practical implementation of the three models it has conceptualized for issuing wCBDC directly on DLT [distributed ledger technology]," the central bank said, adding that different types of DLT were used to test applications in asset tokenization and the
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