Paris Kidnap Attempt Spurs Crypto Security Debate
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French authorities are grappling with the security implications of cryptocurrency transactions following a high-profile kidnapping attempt in Paris. Interior Minister Bruno Rataileau has called an emergency meeting with crypto industry leaders after criminals targeted individuals for crypto ransom payments.
Alexandre Stachtenko, Director of Strategy at Paymium, warns current EU data collection practices create systemic risks. "These databases are ticking time bombs," he said, noting that a single leak could expose both wealth and residential information of crypto holders.
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