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The EU is reportedly drafting a proposal to transfer crypto and financial sector oversight to the ESMA, as part of a wider push to improve capital markets for startups. The European Commission is exploring plans to bring stock and cryptocurrency exchanges under central supervision as part of a broader effort to make the bloc’s capital…
Éric Ciotti of the Union of the Right for the Republic led the charge in a motion for a resolution to ban CBDCs and promote stablecoins in France. Lawmakers in France are set to review a proposal that could have significant implications for the country’s adoption of digital currencies, from stablecoins to Bitcoin (BTC). In…
Every few weekends, 21-year-old student Lavanya Jain opens the BlaBlaCar app to find a lift from Noida on the outskirts of New Delhi to his home in Kandhla, a small town in northern India’s Uttar Pradesh state. The 120-kilometer journey costs him about ₹500, the equivalent of about $6. That’s a fraction of the ₹1,500–₹2,000,…
French regulator ACPR is auditing Binance and dozens of exchanges as Paris seeks a greater role in enforcing MiCA rules across Europe. France’s banking regulator is conducting additional Anti-Money Laundering (AML) checks on Binance and other cryptocurrency exchanges, as Paris lobbies for more authority over Europe’s crypto industry under the Markets in Crypto-Assets Regulation (MiCA)….
Telegram co-founder Pavel Durov said that French intelligence pressured Telegram into censoring political content, which he refused to do. Telegram co-founder Pavel Durov claimed that French intelligence services asked him to censor content related to the election in Moldova in 2024 in exchange for saying “good things” to the judge overseeing his trial, which he…
When Mark Lee was a law student at Harvard, a trademark class exposed him to the staggering scale of counterfeiting, an illicit industry worth more than $3 trillion annually, and set him on an unexpected path to entrepreneurship. “I was always broadly interested in technology and startups, but I never really thought I’d be an…
French chipmaker Sequans has said it is looking to accumulate 100,000 Bitcoin within five years in an aggressive treasury strategy. French semiconductor company Sequans Communications filed for a $200 million at-the-market equity offering on Monday to fuel its Bitcoin treasury strategy — with the longer-term aim to amass 100,000 Bitcoin by 2030. The program will…
Durov said French law enforcement officials are still “struggling” to find evidence of wrongdoing even one year on from his arrest in 2024. Pavel Durov, founder of the messaging application Telegram, provided an update regarding his ongoing case in France, and said the criminal investigation against him is “struggling” to find any evidence of wrongdoing….
Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. But compared to its $6 billion valuation, its global market share is still relatively low. However, the recent…
France is launching a criminal investigation into Elon Musk’s X over alleged instances of algorithm manipulation for foreign interference purposes. The national gendarmerie will be tasked with the investigation, the Paris prosecutor’s office announced. In a statement, Paris prosecutor Laure Beccuau said that the investigation is looking at X as a legal entity as well…