empty
 
 

2018.01.1603:43:00UTC+00France Plans To Regulate Crytpocurrencies

France's Finance Minister Bruno Le Marie called for stringent regulations to control the use of digital currencies for tax evasion and financing illegal activities and terrorism.

The minister has asked Jean-Pierre Landau, former deputy governor of the Bank of France to draft potential rules to oversee the development of cyrptocurrencies and to prevent the use of these digital currencies for tax evasion, money laundering and financing criminal or terrorist activities.

Le Marie warned against the risks of speculation and possible financial manipulation, especially linked to bitcoin.

Elsewhere, Germany's Bundesbank board member Joachim Wuermeling reportedly said that cryptocurrencies should be regulated globally as individual nations have limited power to control international activities.

Effective regulation of digital currencies require international cooperation, Wuermeling said in Frankfurt.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback