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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 has been at odds with the Autorité des Marchés Financiers (AMF) since 2022 when the regulator blacklisted the exchange. Go to Source
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
The Autorité des Marchés Financiers reported Bybit has been blacklisted since May 2022 “for non-compliance with current French regulations.” Go to Source
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
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
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’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
Netherlands cryptocurrency exchange Bitvavo is slowly expanding its reach after gaining regulatory approval in Austria and France. Go to Source
The survey was conducted at the request of the Organisation for Economic Co-operation and Development (OECD) in the spring of 2023. Go to Source
