Cryptocurrency Analysis and News Portal
“This project went well beyond previous blockchain initiatives because it successfully tested most central securities depository and central bank processes whilst eliminating current interim steps, such as reconciliation between market intermediaries,” said Soren Mortensen, global director of financial markets at IBM as cited in the report. “We are rapidly moving
Read More
French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale
Read More
It turns out the 100 million euro digital bond issued by the European Investment Bank earlier this week was actually a trial of a European central bank-issued digital currency, or CBDC.An April 28 announcement from France’s central bank, Banque de France, revealed the digital bond was settled using a CBDC
Read More
With travel and tourism being one of the hardest-hit industries by the coronavirus pandemic-induced lockdowns, several stakeholders are increasingly prioritizing digital and contactless solutions.In this vein, Air France has partnered with MedAire, SGS, International SOS, and the International Chamber of Commerce to test a blockchain-based COVID-19 travel system.Beginning from March
Read More
French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing.On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts.The new regulatory effort is backed by
Read More
The French Ministry of Finance unveiled sweeping know-your-customer (KYC) requirements on all cryptocurrency companies operating in and servicing the country on Wednesday, a move that could ultimately strip the French crypto space of any semblance of anonymity.All virtual asset service providers must immediately begin checking their customers’ identities, verifying “beneficial
Read More
Just Eat Takeaway is now accepting Bitcoin payments for food deliveries in France. Through its website, Just Eat revealed that it will not charge any fees for the payments in BTC.Just Eat Takeaway.com has begun accepting Bitcoin payment options for its online food ordering and home delivery business in France.
Read More
Banque de France has selected a number of candidates to test and present solutions for a new French
Read More
Per a May 20 announcement from Banque de France, France has become the first country to successfully trial a digital euro, operational on a blockchain, following a call for new technology to back such a development at the end of MarchThe bank says it tested a sale of securities for
Read More
French crypto startup Digycode has introduced support for Tezos (XTZ) purchases through its prepaid vouchers and gift cards.The integration is the product of a partnership between Digycode and the research and development team from Nomadic Labs — which contribute to maintaining Tezos’s core code.Digycode’s co-founder Christopher Villegas described Tezos as “one of
Read More