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The French government has announced a ban on privacy digital assets and crypto exchanges. According to reports, the country has announced that privacy-focused tokens and platforms are illegal within the country’s jurisdiction. In a post shared by Crypto Beast on X, the move means that privacy tokens like Monero and services like Tornado Cash are all banned, marking a decisive step in France’s intensifying regulatory stance on digital assets. Mixing platform Tornado Cash has been subject to regulatory scrutiny in several jurisdictions, with the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) initiating sanctions against the platform in 2022. In the same vein, privacy tokens like Monero have been targeted by regulators globally due to their use for illicit activities. The tokens have enhanced privacy features, obscuring their transaction details from the public. While some proponents have argued that the tokens are in line with the ethos of cryptocurrency by increasing user confidentiality, critics have argued that the use of the tokens for illegal activities. Several platforms have taken steps to remove the tokens, with Binance removing them in select countries. According to the report, the recent move by France is aimed at removing all the concerns surrounding the tokens and platforms. In addition, the French government is making moves to align more closely with the Financial Action Task Force (FATF) guidelines, which recommend strict oversight of digital assets that cannot be traced. Lawmakers in France have argued that total anonymity in crypto transactions poses a big risk in fighting illicit finance, tax evasion, and cybercrime. The ban also places France among some of the restrictive European jurisdictions regarding privacy-enhancing crypto technologies, potentially opening a path for other EU countries to adopt a similar approach before the bloc finalizes its Markets in Crypto-Assets (MiCA) regulatory framework. The move could hinder the adoption and use of privacy tokens, even within regulated financial environments. With France joining the United States and other countries with a ban on the Tornado Cash mixing platform, there could be a wider international crackdown on the platforms. However, the challenge moving forward for privacy-focused developers would be navigating a crypto industry that is hostile toward complete anonymity. While privacy remains a tenet in the blockchain sector, there is without a doubt that bad actors are now taking advantage of the feature. There has been a rise in the use of digital assets for illegal activities across the globe. According to a Chainalysis report , criminals have now started turning to crypto because they feel that it is efficient, faster, and provides them the anonymity they need for their bad acts. In the report, Chainalysis mentioned that one of the reasons why criminal gangs are moving to crypto is that they are used to move funds easily with little detection. The report mentioned that many gangs are taking advantage of the ease of moving deadly products, noting the low transaction fees and instant reflection of the funds as the appeal of the assets. In addition, state-backed entities like the North Korean Lazarus groups have been using digital assets, albeit privacy platforms and tokens, to launder and move their stolen funds. There has also been a rise in kidnappers requesting payments in digital assets. According to previous reports, the father of a crypto millionaire was kidnapped , with the criminals demanding digital assets in exchange for his freedom. The group mutilated the kidnapped individual, cutting his finger as a means to pressure his crypto-millionaire son into sending the ransom. While the police were able to bust the location and free the victim, it is the third abduction connected to the crypto industry in France this year. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

An amendment to the Russian criminal code can be used against crypto traders, according to a legal firm providing advice to those involved in the digital asset space. On the surface, Russia wants to punish “money mules” laundering cash for criminals. Experts warn, however, that the updated law would allow Russian authorities to target ordinary citizens trading digital currencies. The executive power in Moscow has submitted new legislation amending the country’s main criminal law to toughen penalties for “droppers,” Russian slang for people who lend their bank accounts and wallets to fraudsters trying to launder criminal proceeds. The respective bill was filed with the State Duma, the lower house of the Russian parliament, on Friday, the leading Russian-language crypto news outlet Forklog reported on the weekend. It amends Article 187, “Illegal circulation of payment instruments,” of the Criminal Code of the Russian Federation. The new text expands criminal liability for the front persons transferring illegally obtained funds on behalf of actual perpetrators of thefts and other crimes. It describes the conditions under which they can be prosecuted for sharing electronic payment instruments, such as bank cards, with criminals. People in financial difficulties and debt, immigrants, and poor students often fill the role of a “money mule.” They are usually entangled in criminal schemes through job ads offering exaggerated earnings for a few hours a day of work, with money transfers. The Russian crypto community is likely to soon learn that “droppers” may not be the only category affected by the upcoming legislative change. According to Ignat Likhunov, founder of the crypto-focused legal firm Cartesius, a broader interpretation of the proposed provisions would threaten crypto traders as well. Under “illegal transactions,” the draft law now lists the issuance, transfer, and receipt of money without legal grounds as described in current Russian law, Likhunov noted in a podcast posted on Forklog’s YouTube channel . If earlier, accountants forging payment orders and hackers writing malware were held liable for such transactions, liability is now being introduced for anyone who simply lends a bank card to a friend, explained the lawyer, himself a former investigator of financial crimes. Since law enforcement officers like to interpret laws very broadly, and to their own advantage, this gives them leeway for arbitrary actions, believes the legal expert, who does not discount the law’s potential effectiveness in combating money mulling as a phenomenon. If the bill is approved by Russian lawmakers, droppers can expect up to three years in jail, while their criminal leaders and also traders may get up to six years of prison time. Likhunov noted that many Russians need cryptocurrencies as a result of the sanctions imposed on their country over the invasion of Ukraine. The main question, he stressed, is whether the sale of cryptocurrency will be considered an illegal transaction under the updated criminal law. The lawyer elaborated: “If so, then it will be possible to simply put everyone in jail. Drug addicts in pre-trial detention centers will be replaced by droppers and cryptocurrency traders.” The founder of Cartesius highlighted that since 2022, he has been accepting only cash whenever he has had to sell cryptocurrencies, refusing any fiat payments to his bank card account. So far, Russia has recognized mining as a legal crypto-related activity but has been reluctant to allow the free circulation of cryptocurrencies in its economy. In March, the Russian central bank proposed the establishment of an “experimental legal regime” for limited crypto operations. The latter will allow the exchange of cryptocurrencies in a controlled environment reserved for “ qualified investors ” and the use of digital coins for cross-border settlements by Russian companies facing international financial restrictions. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

How to understand Bitcoin: - Being humble - Being curious - Enough free time - Knowledge about money - Knowledge about inflation - Knowledge about technology Very few can check all boxes. Therefore few owns Bitcoin.

$TAO Always on video before the move with a very detailed explanation so you can learn and profit from this market and this is now a risk free trade. And you had the entry where price turned and that is the 🔑 to making money in any market. And this is why you do not need any indicator or oscillator or moving average. You just need your eyes and a basic understanding of supply and demand.

A U.S. District Court decision now requires Apple to update its App Store rules, compelling the company to permit crypto and NFT app developers to link users to external payment options free of Apple’s fees. This was from an April 30th ruling where the court found Apple violated a 2021 injunction connected to its antitrust battle with Epic Games. In the court filing, Judge Yvonne Gonzalez Rogers determined Apple intentionally violated the earlier injunction. The judge characterized Apple’s ongoing actions regarding external links and payments as anticompetitive and stated they would not be permitted to continue. The ruling explicitly orders Apple to stop imposing commissions or fees on transactions completed outside its App Store payment system. The company is also prohibited from auditing or monitoring these external transactions. Developers now cannot be prevented from including external payment links within their apps. Judge Rogers specified Apple cannot dictate how developers implement or display links directing users to outside payment systems. The ruling also forbids Apple from excluding specific app categories or developers from utilizing external linking features. Related: Hoskinson: Apple, Microsoft Crypto Entry Could Be Key to $250k Bitcoin This court decision grants developers building for the U.S. App Store significantly more freedom, especially those working with digital assets. They can now directly insert buttons or links leading users to NFT marketplaces or other crypto services for purchases. Previously, platforms like the NFT marketplace OpenSea were severely restricted on iOS, allowing users only to browse NFTs, not buy them through external links without violating Apple’s rules. Related: Apple Faces Class-Action Lawsuit Over Crypto Payments Restrictions Apple informed developers about the mandated changes through updated App Store guidelines. Some industry watchers described the tone of Apple’s communication as reluctant, but the new rules are effective immediately. Following Apple’s guideline update, Appfigures CEO Ariel Michaeli confirmed developers no longer need special “entitlements” from Apple to link out to external NFT or payment systems, though he noted Apple’s wording might create some confusion. Crypto commentators like “Xero” and Alex Masmej reacted positively, calling the policy change beneficial and significant for the industry. Epic Games CEO Tim Sweeney also commented on the development and announced Epic plans to relaunch its popular game Fortnite on the U.S. iOS App Store following the decision. Sweeney added Epic would drop its ongoing and future legal actions against Apple if the company applied these same rule changes globally, not just in the U.S. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.