French Economy and Finance Minister, Bruno Le Mare, said that France wants to encourage other members of the European Union to accept the rules of cryptocurrency. According to Reuters, France will ask members of the European Union to adopt a regulatory framework for cryptocurrencies, like that adopted last week.
Le Maire, Minister of Economy and Finance, who spoke at the Paris blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details conference, said that he would offer his European partners to create a single regulatory framework for cryptoactive assets, based on the French experience. "Our model is correct," he added.
New French crypto-bill
The new French cryptocurrency bill, which is the first of its kind adopted by a large country, will allow firms that want to release new cryptocurrencies or exchange existing ones to apply for certification, giving them some official recognition and, of course, taxing their profits in return.
Certification will not protect investors from losses but will provide them with basic guarantees against fraud.
A few days ago, it became known that French lawmakers passed a new law that allows the insurance market worth $ 2 trillion to invest in cryptocurrency using specialized professional funds.
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The law "Action Plan for Growth and Transformation of Enterprises" was adopted by French lawmakers last week on Thursday and will allow insurance companies to offer insurance policies to investors of cryptocurrencies, which is important for France.
The state of France wants to encourage other members of the European Union to accept the rules of cryptocurrency. The French government is making further serious commitments on the future of blockchain technology.
Le Maire added that the French government "identified more than 200 innovative blockchain-projects developed in France" after the nation announced its proposals. The promised investments will be gradually introduced over the next five years to make the country the global leader in the blockchain, to compete with Chinese and American technology giants.
Editor: Pereyidenko Ihor