France to Convince EU Member States to Adopt Its Cryptocurrency Regulations

France Cryptocurrency Regulations

France to Convince EU Member States to Adopt Its Cryptocurrency Regulations

France Cryptocurrency Regulations

France is will try to convince other European Union member states to adopt cryptocurrency regulations similar to its own.

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French Minister of the Economy and Finance, Bruno Le Maire, reportedly stated that France will encourage other EU countries to adopt cryptocurrency regulations similar to those France approved last week. The news rules reportedly aim to attract cryptocurrency issuers and traders to France by providing them some official recognition, while taxing their profits in return.

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According to the newly adopted regulation, cryptocurrency operators will have to apply for a certification that would purportedly enable authorities to verify who stands behind a new coin’s issuance or a trading platform.

Le Maire reportedly said that he will “propose to my European partners that we set up a single regulatory framework on crypto-assets inspired by the French experience. Our model is the right one.”

Also last week, the National Assembly of France adopted a bill that is designed to stimulate local business

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