France wants the European Union (EU) to adopt its recently enacted cryptocurrency regulations for the entire region.
French Finance Minister: Ours is the Right Way
France’s Finance Minister Bruno Le Maire says the EU should consider adopting the country’s approach to regulating cryptocurrencies. Speaking at the ongoing Paris Blockchain Week Summit on Monday (April 15, 2019), Le Maire, opined:
I 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.
Le Maire’s comments continue to indicate his change of stance regarding cryptocurrency and blockchain technology. Since 2018, the country has been pushing for the enactment of cryptocurrency regulations.
Earlier in April 2019, the parliament in France passed into law, a set of rules for the country’s cryptocurrency scene. The regulations mainly covered licensure and tax regulations.
Based on the new regulatory framework virtual currency brokers and token issuers can…