Category: France

Bank of France settles $2.4M fund in central bank digital currency pilot

January 19, 2021

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The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology. 8920 Total views 27 Total shares The Bank of France successfully piloted a central bank digital currency — or CBDC — experiment in December, using the technology to settle […]

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Vinnik’s attorney appeals against 5-year prison sentence

December 18, 2020

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Lawyers of the alleged $4 billion Bitcoin launderer appeal to the court, arguing that Alexander Vinnik was just an employee at BTC-e. 2053 Total views 11 Total shares The defense team of Alexander Vinnik, an alleged Bitcoin launderer who was sentenced to a five-year prison term, disagrees with the court’s decision. According to a Dec. 18 […]

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Law Decoded: The war of the wallets, 12/4–12/11

December 11, 2020

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Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Last week’s Law Decoded sounded the alarm on threats to self-custodial wallets in the U.S. in particular. While such concerns have continued to take shape, nothing concrete has emerged from the U.S. Treasury, which […]

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France moves to ban anonymous crypto accounts to prevent money laundering

December 10, 2020

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France is preparing new frameworks to prevent anonymity in crypto. 6456 Total views 14 Total shares French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing. On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset […]

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Paris court sentences Alexander Vinnik to five years in prison

December 7, 2020

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Years after his initial arrest, Vinnik has finally been sentenced. 3900 Total views 25 Total shares After years of extradition debates, Bitcoin (BTC) launderer Alexander Vinnik has finally been sentenced by a French court. According to a report on Monday by Novaya Gazeta, Vinnik has been sentenced to five years in prison for “money laundering as […]

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