France: The World’s Newest Crypto Hub?

France is asking the rest of the European Union to follow in its footsteps regarding cryptocurrency regulation.

France Leads Europe into the Crypto Dawn

Last week, France introduced a national framework on digital currencies, becoming one of the first countries to do so. French Finance minister Bruno Le Maire said on Monday:

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.

Regulation in France appears relatively keen towards cryptocurrency. The laws, as they stand, “tempt” cryptocurrency issuers and traders to do their business within the country’s borders. In return, they’ll garner official recognition by the public, while their countries of origin have the right to tax their profits.

This is the first law of its kind to be adopted by an internationally-recognized government. Companies that either want to issue new crypto assets or trade old ones must apply…

Read Full Story : Live Bitcoin News

2019-04-16 17:00:15

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