French taxpayers declared some $442 million worth of crypto trading profits in the most recent tax year, per the nation’s tax body. Per Le Figaro, the figure was “substantial,” but was “10 times lower than the estimates of the gains made in 2021.” The body made its claim based on the number of people disclosing…
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Ten percent of French people own cryptoassets and crypto awareness is also on the rise, a new study has found. Per BFM TV, the study was conducted by the Association for the Development of Digital Assets (Adan) and the French branch of the accountancy giant KPMG. The parties carried out a similar study last year…
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Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases of key interest rates are yet to come. ECB Has Some Hikes Left to…
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The Banque de France presented a well-written consideration of issues related to DeFi and forthcoming MiCA regulation, with suggestions. The Banque de France has contributed to the discussion of European crypto asset regulation with a close examination of decentralized finance (DeFi) and potential approaches to its regulation. This discussion is timely because of the growing…
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Emmanuel Macron, president of France, clarified his position on the future of Europe and its relations with China and the U.S. in the short term. Returning from his visit to Beijing, Macron believes that Europe should avoid getting caught up in a conflict between the U.S. and China, and reduce its reliance on the U.S.…
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Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, analyzed the situation surrounding de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanctions on Russia and the weaponization of the U.S. dollar are partly to blame for the developments. Tucker Carlson Believes Sanctions Are to Blame for…
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The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol. Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally, providing a more efficient and secure process than…
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BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to the global GDP, while the G7 provides 30.7%. BRICS Countries…
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China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment.…
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Crypto adoption is increasing in France with Paris branches of Burger King set to install crypto-powered machines that charge the batteries of customers’ phones and mobile devices. In a press release from the crypto pay firm Alchemy Pay, the company announced that it had partnered with the fast food giant’s French subsidiary. The deal will…
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