French Senate Holds Hearings on Bitcoin
The Senate of France has conducted hearings into bitcoin and other digital currencies, with a number of speakers from the industry presenting their case today. The Senate Finance Committee hearing on 15th January was chaired by Philippe Marini of political party UMP, and featured a number of high-profile representatives from the Bank of France, the Treasury Department, the Ministry of Finance's anti-money laundering arm Tracfin (Traitement du renseignement et action contre les circuits financiers clandestins), DNRED (National Directorate of Intelligence and Customs Investigations) and FING....
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Read our earlier post about the French Senate Hearing's outcome here. Watch the videos below:
Representatives from the Bitcoin and cryptocurrency economies presented their cases before the French Senate. The hearing, chaired by Philippe Marini — whose other functions include membership in a joint fact-finding mission with the EU to determine government roles on the Internet — featured representatives from the Bank of France, the French Ministry of Finance’s money-laundering department, and many others. Gonzague Grandval, whose company Paymium operates a Eurozone Bitcoin exchange and payment processor, spoke on behalf of Bitcoin. As with the hearings that have taken place in senates....
As announced last week, the French Senate met today in Paris to hold a hearing on bitcoin, it's benefits, and it's downsides. Reddit.com user 'mmitech' took the opportunity to post notes about what took place at the meeting the meeting here. According to the user's bullet points, it would appear as if the French government is keen to "catch up" with bitcoin. They don't clearly understand it yet, nor do they know how they'll regulate it, but they've recognized at this juncture that banning the digital currency is not an option. Overall, the French Senate's outlook on bitcoin seemed....
Two senate committees are expected to convene soon regarding possible regulatory issues related to decentralized electronic currencies such as bitcoin. Congressional aide sources inside the Senate told the Wall Street Journal that members of government and representatives from the private sector are expected to testify during the hearings. No dates have been set, but the hearings are expected to occur within the next few weeks. "The Bitcoin Foundation thinks these upcoming hearings are good for consumers and others as education on bitcoin is important," Jinyoung Englund, the foundation's....
In a meeting expected to take place on Wednesday, January 15th, 2014 at 10AM at the Luxembourg Palace in Paris, France, the French Senate will hold a joint hearing to discuss issues relating to the development of virtual currencies, such as bitcoin. The announcement was made on the Senate's website, and notes this will be an open-press event. The following individuals will be in attendance: Ms. Delphine Amarzit, (Head of the financing of the economy of the Treasury Department). Mr. Denis Beau, Chief Operating Officer at the Bank of France. M. Jean-Baptiste Carpentier, Director of Treatment....