Revolut plans to invest over $1 billion in France, establish an EU headquarters in Paris and apply for a local banking license as it targets rapid expansion in its largest market.
France News
France, officially the French Republic, is a transcontinental state which has territories on several continents. The country is developed and takes one of the leading roles in industrial production. In terms of total economic volume, France is second after Germany in European Union and is the sixth in the world. In terms of cryptocurrency in France, the news is all about reducing taxes on virtual currencies. In France, the government has shown a position of support and the next step is going to be the creation of legal regulations to protect investors and users and to gain benefits for their national economy. Currently, a lot of participation in the cryptocurrency market in France relies on the policy of the president.
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Durov did not name the EU country that asked him to censor "conservative voices" on the platform but hinted at it with a baguette emoji.
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French law enforcement will offer crypto entrepreneurs and their families a police emergency line and conduct house visits to ensure their safety amid a recent spate of attacks.
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A recent spate of violent attacks on crypto investors has authorities concerned about public safety.
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There have been two serious attacks in Paris this month targeted at the families of crypto execs, and Chainalysis' Levin has offered one of the reasons why it's happening.
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France’s interior minister will reportedly meet with crypto professionals to address rising security concerns after a failed kidnapping targeted the family of Paymium CEO Pierre Noizat.
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Paymium CEO Pierre Noizat's daughter and her son were attacked in broad daylight, the latest of a growing trend of attacks against crypto entrepreneurs and their families.
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Cannes, the French city famous for hosting the Cannes Film Festival, is said to be a top tourist destination for festivals and events.
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The OCCRP reports Bankera’s founders channeled around half of the $114 million the firm raised in its 2018 ICO to a Vanuatu bank to buy real estate in France and Lithuania.
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Telegram would rather exit markets like France than allow encryption backdoors to private user messages, Telegram CEO Pavel Durov said.
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Bpifrance is planning to buy tokens to support local crypto and blockchain projects, including those involved in decentralized finance, staking, tokenization and AI.
2802 - Analysis
Free speech advocates and crypto community members have voiced concern over what Durov’s case means in a wider context.
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French authorities reportedly suspended judicial control in relation to Telegram founder Pavel Durov from March 15 to April 7.
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The group reiterated its commitment to freedom of speech and promoting privacy-enhancing technologies that empower the individual.
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Neither Durov nor his legal team have issued a public statement regarding the move.
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