France Inches Closer to Bitcoin Regulation
The French Senate has released a new report focusing on the type of regulation the government should apply on bitcoin transactions. Titled 'Regulation in the face of innovation: public authorities and the development of virtual currencies', the report follows a meeting of the committee of finance on 23rd July and is based on communication between committee president Philippe Marini and Senate member Francois Marc. It was inspired by a joint meeting held by the Senate, Treasury, customs, the Banque de France, TracFin (which deals with money laundering issues) and bitcoin specialists in....
Related News
France has proposed giving more power to the Paris-based European Securities and Markets Authority (ESMA) and making it responsible for cryptocurrency oversight. French regulators say cryptocurrencies need EU-wide regulation. EU-Wide Crypto Regulation With ESMA as Main Supervisor France proposed Tuesday that the EU governments give the responsibility of regulating cryptocurrencies to the pan-European markets watchdog, the Paris-based European Securities and Markets Authority (ESMA), instead of national regulators, the Financial Times reported. The French markets regulator, Autorité....
Yearn.finance’s YFI governance token has been inching closer and closer to the $30,000 level for the past few days and weeks, with the selling pressure here proving to be somewhat significant on multiple occasions. Overall, the crypto’s price is currently caught within a holding pattern similar to that seen by Bitcoin and Ethereum, Until the […]
France's Minister of Economy and Finance, Pierre Moscovici, issued a call on 4th March for European regulators to collaborate on digital currency regulation as part of an effort to ease the concerns of financial institutions and policymakers. In statements to the press, Moscovici has indicated he intends to request that EU member states discuss the matter at the EU Economic and Financial Affairs Council (ECOFIN), the organisation that sets the EU budget and monitors the financial markets in member states. Said Moscovici: "This is an imperative topic to be treated not only at national level....
France is taking a firm stance on the regulation of cryptocurrency firms operating within its borders, signaling a potential move to block companies licensed in other European Union (EU) nations from conducting business domestically. This latest initiative, led by the head of France’s financial watchdog, Marie-Anne Barbat-Layani, is part of a broader push to shift […]
Bitwise’s proposed Chainlink exchange-traded fund (ETF) has moved a step closer to launch after being added to the Depository Trust & Clearing Corporation (DTCC) registry under the ticker CLNK. Related Reading: Standard Chartered Dips Into Stablecoins In Singapore With New Partnership The listing, marked as both active and pre-launch, indicates that preparations are underway for […]