France

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.

Daniel Boutrin, a former security and cryptology expert at the central bank of France, and now the head of research at Banco de Desenvolvimento de Minas Gerais in Paris, who has been working in the banking and finance industry (JP Morgan, BNP, HSBC, Société Générale, Crédit Agricole) for twenty years and has been working with blockchain for two years, makes statement against using Bitcoin and Blockchain.

The banking crisis in Europe goes even further in Italy. While in countries like Germany and France we see only a decline of major banks’ asset prices, in Italy besides the banking crisis itself another problem occurred - civilian Italians began to distrust bank transfers and payments. One of the possible solutions may be Bitcoin, which can serve as a salutary means, grow in price and even get official recognition in the country.

Razormind, enterprise software developing company, announced a €5 million investment to build and operate two Blockchain banks in Europe located in Ireland and France.