France Approves New Cryptocurrency Measures to Fight Anonymous Transactions
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says the changes are necessary to fight against terrorism financing. France Tightens Crypto Surveillance France’s Council of Ministers endorsed an ordinance containing a series of measures to tighten the surveillance of cryptocurrency activities last week. The ordinance, which will enter into force in....
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Last week, French authorities agreed upon new measures to tackle anonymous crypto transactions. The new rules affect all French crypto exchanges, which must adhere to tougher know your customer (KYC) requirements. The French Finance Minister Bruno Le Maire commented that this was necessary to deal with terrorist financing. “We must dry up all the terrorist […]
France is preparing new frameworks to prevent anonymity in crypto. French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing.On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts.The new regulatory effort is backed by French finance minister Bruno Le Maire, overseas minister Sébastien Lecornu and junior economy minister Olivier Dussopt. The order is pursuant to Article....
Very often, Bitcoin enthusiasts have complained that the blockchain-based, decentralized cryptocurrency is not as anonymous as was initially thought to be. Hence, a significant percentage of them are resorting to highly unconventional methods to make Bitcoin transactions more anonymous. But in case, adopting such measures is not your thing, ShadowCash could prove to be the one-stop solution you have been looking for. Shadow has been built using Bitcoin's core principles of trustless decentralization and double-spend prevention to create the first truly anonymous, decentralized....
Philippe Lemoine reveals his report on 'The Digital Transformation of the French Economy' where he suggests as much as 180 proposals in order to shake up France's technology sector, among which figures the need of developing a secure, cost-effective and anonymous payment solution based on the blockchain technology. Earlier this month, Philippe Lemoine, CEO of French online business LaSer and serial entrepreneur, revealed his report entitled 'The Digital Transformation of the French Economy,' which he was assigned by the government back in January. It took Lemoine 9 months to research and....
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury Proposes Measures to Crack Down on Tax Evasion via Cryptocurrency The U.S. Department of the Treasury published a report on Thusday entitled “The American Families Plan Tax Compliance Agenda.” The report outlines President Joe....