Breaking: Telegram CEO Pavel Durov allegedly arrested in France
Reports are trickling in via social media, but so far, we haven’t seen any official confirmation. Go to Source
France
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French regulator accepting CASP applications ahead of MiCA rollout
The AMF is giving firms registered under its current DASP rules ample time to transition, too. Go to Source
Bybit Exits French Market Amid Regulatory Pressures
Cryptocurrency exchange Bybit has announced its exit from the French market, citing increasing regulatory pressures from French authorities. The Autorité des Marchés Financiers (AMF) had previously issued a warning against Bybit, advising investors to avoid trading on the platform. Starting August 2, 2024, Bybit will restrict French users’ accounts to “close-only” mode, allowing them only … Read more
ByBit exchange halts operations in France
ByBit has been at odds with the Autorité des Marchés Financiers (AMF) since 2022 when the regulator blacklisted the exchange. Go to Source
France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives
The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenization markets, … Read more
French regulator warns investors Bybit provided services ‘illegally’
The Autorité des Marchés Financiers reported Bybit has been blacklisted since May 2022 “for non-compliance with current French regulations.” Go to Source
French startup Mistral AI closes $415M funding round
The French AI startup Mistral AI closed a funding round worth around $415 million as it strives to be the EU’s rival to OpenAI and accelerates the EU AI race. Go to Source
Societe Generale issues its first green bond on Ethereum
The unsecured bond has a value of 10 million euros and a maturity of three years, with all the proceeds going for Eligible Green Activities (ESG) investments. Go to Source
Crypto ownership in Canada slips in 2023, but average value of holdings rose
Only 34% of Canadians still believe that crypto “will play a key role in the future,” though the number of those able to give a basic definition of digital currencies has risen slightly. Go to Source
Amnesty International head says AI innovation vs. regulation is ‘false dichotomy’
Amnesty’s secretary general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act. Go to Source