France Poised to Implement Bitcoin Transparency Regulations, Updates Tax Rules
France is poised to implement bitcoin transparency regulations in the next five months, according to a report from the Wall Street Journal. The finance ministry in the country has stated that they plan to have new regulations in place by year's end to have financial institutions operating in the digital currency space to both collect and verify the identity of users before allowing them to open accounts. The measures will ensure that users aren't committing crimes like money laundering or tax evasion - similar to how traditional financial institutions (like banks) operate. No specific....
Related News
The first day of the year's biggest blockchain event so far will see CZ, Nicolas Cary, Ken Timsit and many other significant figures on the stage. Paris Blockchain Week Summit (PBWS), a flagship European blockchain conference hosted at Palais Brongniart in Paris, started on Wednesday with an all-star cast. Fresh after announcing its French version, Cointelegraph has set up a team for the event to present the latest updates for the event in a real-time fashion. The first day of event will see significant names in the crypto and blockchain ecosystem to speak about the crucial topics for the....
Thailand was the first in Southeast Asia to implement digital-assets regulations in 2018. The move attracted investors to cryptocurrencies. After that, however, the crypto industry started facing setbacks as regulators tightened rules during trading irregularities and the collapse of a top exchange. On September 1, the SEC passed new digital advertisement rules. The rules refrain […]
Financial regulations are usually a way for the government to combat money laundering and terrorism funding in their jurisdiction. Thanks to the transparent nature of blockchain technology, Know-Your-Transaction protocols will become a lot easier to implement. Anti-money laundering (AML) and countering the financing of terrorism regulations are two....
With all of the recent talks and discussions surrounding governments, encryption, and the lack of transparency, something will have to change sooner or later. To come to a new level of transparency and understanding, a request has been made in both New York and Chicago for a form of digital governance. For as long as most people can remember, government....
The second day of the global event would see the likes of central bank governors from Thailand and France along with IMF managing director discuss various aspects of the nascent tech. Disclaimer: This article is updated all day long. All time codes are in the UTC time zone, updates in reverse order (the latest update is placed at the top).This year’s World Economic Forum marks the first in-person event since the start of the pandemic. Cointelegraph team is on the ground in Davos, Switzerland to bring in the latest updates from one of the most significant global events of the year. The....