To bolster the security within the cryptocurrency sector, the French government has announced plans to offer additional safety measures for crypto business owners and their immediate relatives.
Crypto Entrepreneurs to Receive Safety Briefings
To bolster the safety of the cryptocurrency sector, the French government has announced it will offer heightened protection to crypto innovators and their households. This increased security includes granting them priority access to emergency services, allowing for swift responses and personal home visits, along with educational sessions on safety protocols.
According to a report, French law enforcement officers will receive “anti-crypto asset laundering training.” The country’s Interior Minister Bruno Retailleau said the objective is not only to dissuade attackers but to protect the industry. The French government’s decision to offer extra security comes against a background of rising incidents in which crypto entrepreneurs or their immediate families are targeted by armed gangs.
The interior minister stated that they plan to combat the persistent abductions of experts within the cryptocurrency field using a variety of strategic tools, some effective immediately and others over time, with the aim of preventing, discouraging, and obstructing such activities to safeguard the industry.
As reported by TopMob and other media outlets, the armed gangs’ tactics involve kidnapping and forcing victims to give up their digital assets. In the last reported incident, masked men attempted to kidnap the daughter of the CEO of the cryptocurrency exchange Paymium in central Paris. However, the kidnapping was thwarted by the executive who reportedly took on the masked men.
Currently, French authorities are conducting investigations into recent occurrences, with several arrests being made under the supervision of the organized crime prosecutor, as reported by Politico.
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2025-05-17 13:04