Things are heating up in the French crypto industry, and not in a good way. You’d think being a crypto entrepreneur means you’re just crunching numbers, chasing digital coins, maybe sipping espresso in a chic Parisian café. But no.
These guys and gals are now targets, kidnappings, armed gangs, the whole nine yards. But France? They’re not sitting on their hands.
New thing
The French government just announced they’re stepping up security for crypto entrepreneurs and their families.
Priority police emergency lines, home visits, safety briefings, the works. It’s like giving these digital money magicians their own personal bodyguards, but with badges and sirens instead of guns and cigars.
Interior Minister Bruno Retailleau laid it out straight, and told that these kidnappings aren’t just random acts of violence, the armed gangs looking to snatch crypto assets by any means necessary.
The government’s response? Train the cops in anti-crypto asset laundering, fancy words for making sure law enforcement knows how to handle this new breed of crime.
They want to scare off the attackers before anyone gets hurt.
Old tricks
And get this, last we heard, masked men tried to kidnap the daughter of the CEO of Paymium, a cryptocurrency exchange right in the heart of Paris.
But hold your applause, the CEO himself jumped in, fought off the kidnappers, and saved the day. Talk about a family business! You don’t see that every day.
Of course, the story doesn’t end there. French authorities are digging deep, investigating these crimes.
Politico reports multiple arrests have already been made, thanks to the organized crime prosecutor cracking down hard. It’s a war on crypto crime, and France is playing for keeps.
Paradigm
Now, if you’re a crypto entrepreneur reading this, it’s a wake-up call. It’s about real danger knocking at your door.
So, when the government offers you a safety briefing or a police escort, take it seriously. Because in this game, it’s not just your coins on the line now.
And to the rest of us? Well, maybe it’s time to rethink what we picture when we hear crypto millionaire.
It’s not all Lambos and Lamborghinis. Sometimes, it’s about dodging masked men in the streets of Paris. Life’s weird sometimes.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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