Tag Archives: France

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France Bitcoin Tests by the Central Bank

France Bitcoin tests have been revealed by the French Central Bank last week.

The Banque de France published a press release on Friday where it talks about its technology tests for  use in the management of SEPA Credit Identifiers.

According to the French central bank, one of the key participants in this project is the Caisse des Dépôts et Consignations, and the Paris-based startup called Labo Blockchain.

The project began in July 2016 and culminated in October with the creation of prototypes for creating and managing SEPA Credit Identifiers.

The central bank also explained how meetings were held with stakeholders as the project moved forward, indicating that more details about the project will be revealed in 2017.

France Bitcoin project and more central bank efforts

This is not the first time a  central bank test the distributed ledger.

A few months ago, in fact, central banks in Japan, Sweden and Singapore launched similar projects.

Also, earlier this month, the US Federal Reserve published its first major research paper on the ledger you can read here.

Credits: Coindesk.com

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Amelia Tomasicchio

French authority forces Bitcoin exchanges to register

(BitcoinExaminer) Every Bitcoin exchange currently operating in France must now be registered with the local authorities and ask for a license in order to legally function in the country. The news was announced by the French Prudential Supervisory Authority (ACPR).


The institution, which is responsible for the regulation of the French banks, has issued a statement clarifying the status of Bitcoin and related exchanges in the country. Besides revealing several concerns and leaving warnings for the users, the ACPR also states that anyone operating an exchange in France must mandatorily have a license.


The move means that every exchange will have to become a provider of payment services
under the authority’s supervision. So all cryptocurrency transactions
that involve exchanges must go through a registered provider, whether we
are talking about a credit institution, payment institution or an
electronic money institution, Coindesk reports.


The ACPR used the same statement to
remind the public that Bitcoin has its hazards. “Risk of fraud and money
laundering and terrorist financing” are just some of the dangers set
forth by the French authority, which also recalled that the European
Banking Authority (EBA) has already issued other public warnings about
digital currencies.


Despite the consequences for the
exchanges, the statement doesn’t force the individual users living in
France to adapt to any changes.

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