France Creates Working Group on Cryptocurrency RegulationMinister …

France creates working group to regulate cryptocurrencies

French Minister of Economy Bruno Le Maire announced creature a working group that will be develop norms for the regulation of cryptocurrencies.

By words Le Mera, this working group will propose legal norms and form the foundation for regulation cryptocurrencies to prevent the malicious use of technology, writes french edition Les echos.

“We need a stable economy. We want to avoid the risks of speculation and financial sabotage associated with bitcoin“, – said the minister.

France Creates Working Group on Cryptocurrency RegulationMinister ...

Le Maire added that the working group will lead Jean-Pierre Landau, earlier occupied position Deputy Governor of the country’s central bank, Bank of France.

“Jean-Pierre Landau’s mission will be to propose legal provisions aimed at the evolution of regulation, better control over development and prevention of the use of cryptocurrencies. for evasion from payment of taxes, money laundering, as well as financing of crime and terrorism, ”said Le Maire.

A month ago Le Maire reported, what Argentina asked, which will accept in April 2018 of the year G-20 summit, include on the agenda a discussion on cryptocurrency regulation.

“Obviously there is a risk of speculation. Him need to consider, study and find a way … to regulate bitcoin together with by all members of the G-20 “, – stated is he in an interview with French news LCI channel.

Yesterday, the director of the German central bank expressed similar opinion by saying that cryptocurrencies need to be regulated globally and not only on national level.