France Wants EU To Adapt Its Crypto Regulations, Keeps 30% Tax French Finance Minister, Bruno Le Maire, is reportedly persuading other European Union (EU) members to adopt cryptocurrency regulation similar to its own, which was only very recently instituted, according to Reuters.
The new law that is being referred to is one where French lawmakers allowed cryptocurrency operators to run their operations, with the caveat that they apply for a certification that would allow authorities to determine the issuer of a new token or the creators of an exchange, as well as check business plans and AML adherence.
Speaking at a blockchain event in Paris, Le Maire said, Many countries in the EU are reviewing blockchain and digital asset adoption to boost their economies, including Italy and Germany.
French Digital Economy Minister Mounir Mahjoubi has said that he wants France to become a “blockchain champion.”
Though the question is still open on privacy coins, France has generally become much more open to the idea of blockchain technology and digital assets recently, joining nations like Japan and Switzerland in attempts to digitize their technologies.