PYMNTS-MonitorEdge-May-2024

France

BNP Paribas Part of French Money Laundering Probe
BNP Paribas Part of French Money Laundering Probe
December 27, 2023  |  Regulation

Prosecutors in France reportedly launched a money laundering investigation that involves BNP Paribas. The Paris prosecutor’s office is looking into allegations of “aggravated money laundering”...

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Spotify Withdraws Support From Music Festivals to Protest French Tax
Spotify Withdraws Support From Music Festivals to Protest French Tax
December 22, 2023  |  Streaming

Spotify has withdrawn its support from two music festivals in France in response to the country’s introduction of a new tax that is opposed by...

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Circle Receives Asset Service Provider License in France
Circle Receives Asset Service Provider License in France
December 21, 2023  |  Cryptocurrency

USDC stablecoin issuer Circle was named a digital asset service provider (DASP) in France. The company announced the conditional approval of its new designation with...

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Uber Agrees to Raise Minimum Wage for French Drivers
Uber Agrees to Raise Minimum Wage for French Drivers
December 20, 2023  |  Gig Economy

Uber and other ride-hailing companies have agreed to give their French drivers a raise. Those workers will now be eligible for 9 euros ($9.85) per trip —...

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Credit Agricole Considers Acquiring Stake in Worldline
Credit Agricole Considers Acquiring Stake in Worldline
December 01, 2023  |  Acquisitions

French payment processing company Worldline experienced a surge of nearly 12% in its shares Friday (Dec. 1) following a report that French lender Credit Agricole...

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France, Italy and Germany Reach Accord on AI Regulations
France, Italy and Germany Reach Accord on AI Regulations
November 19, 2023  |  artificial intelligence

Three European countries have reportedly agreed on how artificial intelligence (AI) should be regulated. Germany, France and Italy have come to an accord on the regulations, Reuters...

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France Vies to Host EU’s New Anti-Money Laundering Agency
France Vies to Host EU’s New Anti-Money Laundering Agency
November 17, 2023  |  AML

France is vying to host the European Union’s anti-money laundering (AML) agency, with French Finance Minister Bruno Le Maire presenting Paris as an ideal location...

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Worldline Offers Tap to Pay For Merchants in France
Worldline Offers Tap to Pay For Merchants in France
November 14, 2023  |  News

Worldline says its large merchant clients in France can now offer Apple’s tap-to-pay. The payments firm announced Tuesday (Nov. 14) that merchants can use the iPhone-based payment...

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Binance France Director Resigns, 5th Top Exec to Leave in 4 Months
Binance France Director Resigns, 5th Top Exec to Leave in 4 Months
October 18, 2023  |  Personnel

Stéphanie Cabossioras has resigned as the managing director of Binance’s French unit, the latest in a line of leaders to depart the cryptocurrency exchange. Cabossioras,...

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