Even though France is going through a tough time right now with the recent fire breaking out in the Notre-Dame cathedral, the French Finance Minister, Bruno Le Maire, is reportedly persuading other members of the European Union to adopt cryptocurrency regulations in a similar sense to its own.
The new legislation in question is one where lawmakers in France have allowed cryptocurrency operators to run their operations, with the caveat that they apply for a certification that would allow authorities to determine the issuer of a new token or the creators of an exchange. Furthermore, they will be able to check business plans and AML attachment.
At a recent blockchain event in Paris, the Finance Minister said:
“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.”
Many countries in the EU are reviewing blockchain and digital asset adoption to boost their economies,…
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