Telegram issues official statement on Pavel Durov detention

August 26, 2024 Coin Telegraph

Arrest

The Telegram team said, "Telegram's CEO Pavel Durov has nothing to hide and travels frequently in Europe."

The Telegram messaging platform has issued what appears to be its first official statement concerning the detention of its CEO, Pavel Durov.

Durov’s status remains unclear as French authorities have so far reportedly refused to cooperate with the Russian embassy. As Cointelegraph previously reported, authorities in Paris are scheduled to give an official statement on Monday, Aug. 26.

Telegram’s official statement was posted on Aug. 25 at approximately 12:00PM PST, via the platform’s Telegram News channel. The company expressed its full-throated support for its CEO and wishes for a quick resolution to the situation.

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French authorities to issue statement on Pavel Durov’s detention

August 26, 2024 Coin Telegraph

Arrest

It remains unclear if Durov has been officially arrested or charged.

French authorities are scheduled to issue a statement on the detention of Telegram CEO Pavel Durov on Monday, Aug. 26.

The outspoken billionaire was reportedly detained at an airport outside of Paris on Aug. 24 by French authorities. While initial reports indicated he’d been arrested on a litany of charges related to the Telegram messaging app’s lack of moderation, as of Aug 25, there appears to be no official confirmation that Durov has been placed under arrest or charged with crimes.

According to a report from The Washington Post, authorities in Paris have confirmed that Durov has been “detained” and a statement will be issued on Monday, Aug. 26.

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Telegram CEO Pavel Durov Arrested in France: TON Price Plummets

August 24, 2024 Bitcoin.com

Azerbaijan

Pavel Durov, founder and CEO of Telegram, has reportedly been arrested at Le Bourget airport in France under a search warrant issued by the French judicial police. The arrest follows accusations that Telegram facilitates crimes like drug trafficking and fraud due to its anonymity features. Durov faces serious charges, including terrorism and narcotics trafficking. Telegram […]

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Breaking: Telegram CEO Pavel Durov allegedly arrested in France

August 24, 2024 Coin Telegraph

Arrest

Reports are trickling in via social media, but so far, we haven’t seen any official confirmation.

Telegram CEO Pavel Durov has allegedly been arrested in France on numerous charges related to his operation of the social messaging platform. This comes according to unconfirmed accounts via social media and unverified press reports.

According to the reports, Durov was arrested when his plane landed at the Bourget airport outside Paris. He allegedly faces charges of terrorism, trafficking, conspiracy, fraud, money laundering, and more.

In the wake of the reported, yet still unconfirmed, arrest, the TON cryptocurrency developed by Telegram has taken a more than 10 percent dip from its early Aug. 24 high of $6.86 to $6.07 as of the time of this article’s publication.

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Crypto Exchange Giant Bybit Pulls Services From France Amid Regulatory Issues

August 3, 2024 The Daily Hodl

bytbit

The crypto exchange giant Bybit pulled trading services from France this week due to regulatory issues. Bybit announced on Thursday that all accounts associated with French nationals and residents would shift to “close-only mode” the following day, blocking users from adding to or opening new positions. The exchange encouraged users to move their assets and […]

The post Crypto Exchange Giant Bybit Pulls Services From France Amid Regulatory Issues appeared first on The Daily Hodl.

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French regulator accepting CASP applications ahead of MiCA rollout

August 3, 2024 Coin Telegraph

anti-money laundering

The AMF is giving firms registered under its current DASP rules ample time to transition, too.

France's financial markets regulator, Autorité des marchés financiers (AMF), has begun accepting applications for crypto asset service providers (CASPs), six months ahead of Markets in Crypto-Assets (MiCA) regulations coming into force.

Beginning on Dec. 30, firms that provide any of ten crypto-related services will be required to have CASP authorization that will impose uniform rules for Anti-Money Laundering and Countering the Financing of Terrorism, cybersecurity and other aspects of doing business.

The MiCA requirements will replace France’s PACTE (Action Plan for Business Growth and Transformation) regime. Firms whose activities were not previously subject to regulation or that have digital asset service provider authorization under PACTE will have until July 1, 2026, to transition to CASP authorization. There are over 100 such firms.

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Bybit Exits French Market Amid Regulatory Pressures

August 2, 2024 Bitcoin.com

Autorité des Marchés Financiers (AMF)

Cryptocurrency exchange Bybit has announced its exit from the French market, citing increasing regulatory pressures from French authorities. The Autorité des Marchés Financiers (AMF) had previously issued a warning against Bybit, advising investors to avoid trading on the platform. Starting August 2, 2024, Bybit will restrict French users’ accounts to “close-only” mode, allowing them only […]

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ByBit exchange halts operations in France

August 2, 2024 Coin Telegraph

Coin Telegraph

ByBit has been at odds with the Autorité des Marchés Financiers (AMF) since 2022 when the regulator blacklisted the exchange.

Popular cryptocurrency exchange ByBit announced it is halting operations in France and restricting account features for French users in an Aug. 1 press release.

ByBit cited "recent regulatory developments" by France's financial regulator, Autorité des Marchés Financiers (AMF), as the catalyst for halting operations in the European country.

The centralized exchange cautioned French users that their accounts will be "restricted to close-only" configuration, preventing new positions from being opened or new funds from being deposited across ByBit's services and products beginning on Aug. 2.

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France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives

July 9, 2024 Bitcoin.com

bitcoin.com

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenization markets, […]

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French regulator warns investors Bybit provided services ‘illegally’

May 16, 2024 Coin Telegraph

Bybit

The Autorité des Marchés Financiers reported Bybit has been blacklisted since May 2022 “for non-compliance with current French regulations.”

The Autorité des Marchés Financiers (AMF), the securities regulator in France, has reiterated a warning to crypto investors that Bybit is blacklisted in the country.

In a May 16 notice, the AMF reminded the French public that Bybit was an unregistered crypto platform operating illegally in the country, offering digital asset services on behalf of third parties. The regulator warned it had the authority to block Bybit’s website “providing its services illegally in France.”

“Unregistered platforms providing these services in France are illegal under French law,” said the AMF. “BYBIT is not registered as a [digital asset service provider].”

France

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