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Recently, French financial authorities have shared major concerns about new cryptocurrencies being introduced onto the market. France is planning to block the development of Facebook’s cryptocurrency known as Libra claiming that the token will bring a huge risk to monetary sovereignty in the country and Europe at large.

Alexander Vinnik, 38, a Russian national, has been accused of laundering $4 bn illegally via Bitcoin crypto exchange in the United States, a Greek Court ratified the move of extraditing criminal to France. French police revealed that Vinnik participated in laundering $155 million using 20,643 BTC, the claim that Vinnik is denying.

The new European blockchain accelerator launch that happened this week in Paris, the capital of France, is one of the signals showing how cryptocurrency technologies sectors have changed with a powerful striking effect over the past few months in the country.

On July 18, top crypto experts from huge international corporations will gather in Paris at the Blockchain & Bitcoin Conference France – large-scale event dedicated to cryptocurrencies, Blockchain and ICO.

ARK Ecosystem is now incorporated in France as a cooperative society (SCIC), registered under n° 833 439 300, with a structure matching our open source blockchain organization. It is the first of its kind in the crypto world, and one of the first blockchain projects to incorporate in the European Union.

ARK may have given the world of cryptocurrencies a serious boost by securing a SCIC status. In case you are wondering, SCIC is another phrase for a French cooperative society, or more specifically, “General Interest Co-Operatives.”

French market players react to news that newly-elected President, Emmanuel Macron, might promote wider adoption of Bitcoin among the people

Newly-elected President Emmanuel Macron might promote Bitcoin and Blockchain adoption in France.

The “Banque de France” reported on the bank’s experiment with blockchain technology for the management of SEPA Credit Identifiers.