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French Finance Minister asks to support Cryptocurrencies


Apr 04, 2018 Posted /  694 Views


French Finance Minister asks to support Cryptocurrencies

French Finance Minister asks to support Cryptocurrencies

 

Bruno Le Maire, the Finance Minister of France has called for full support of cryptocurrencies, the reason being the contribution of Blockchain technology in the economic growth of countries. So a supportive environment will be needed to provide for its advancement and integration.

Bruno Le Maire has acknowledged that cryptocurrencies could advance multifarious benefits to both individuals and organizations. He had declared the launch of a cryptocurrency task force earlier this year, stating “We want a stable economy: We reject the risks of speculation and the possible financial diversions linked to Bitcoin. I have just entrusted Jean-Pierre Landau, former deputy governor of the Banque de France, with a mission on cryptocurrencies.”

The French Finance Minister, like most of the world’s leaders, added that cryptocurrencies may be used in illicit activities, but he firmly believes the technology is very positive for every country. “For that to happen, however, we need to have regulations, and Europe will lead the process,” he stated.

The Minister is of the view that the technology is important for the market to augment in the best possible way. Expressing his views, “We agree that crypto-assets can be very interesting for everyone. And we obviously are in favour of blockchain technology, which can provide very good support to financial assets in Europe or anywhere in the world. We are in favour of these technologies, but we want these technologies to be secure and therefore we need to define very clear measures for their regulation.”

 

 


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Tags: French Finance Minister Bruno Le Maire France Cryptocurrency French Cryptocurrency Bitcoin France bitcoin Cryptocurrency Regulations

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