Africa

Asia

Europe

Middle East

North America

South America

France

Cryptoassets & Blockchain Legal News

BTC $ 3605 0.83%
BCH $ 128 4.65%
ETH $ 119 1.35%

France

Bitcoin has no economic basis says Bank of France Governor

December 4, 2017 by Ashley MAO

The Governor of the Bank of France, Francois Villeroy de Galhau, claims that Bicton not only is “speculative” but it’s not considered currency or digital currency.   

The governor expressed his views at an event in China where he was quoted saying that investors consider Bitcoin at their own risk and that it has no economic basis whatsoever.

“Its value and extreme volatility have no economic basis, and they are nobody’s responsibility. The central bank warned that those buying Bitcoin “do so entirely at their own risk.” de Galhau said.

Tags: ,

More info from other sources

Ashley MAO, Coinlaw

view profile
Ashley MAO is a member of the Coinlaw team. Read more about our team.

France Latest Cryptoassets & Blockchain Legal News

Stay tuned with the legal news on blockchain & cryptoassets

Whether you are a founder gearing-up for an ICO, a token-buyer or a cryptoasset trader, subscribe to our newsletter to be informed of the latest legal developments impacting blockchain & cryptoassets in each and every jurisdiction