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France

Cryptocurrency regulations discussed in a French Senate report

August 4, 2014 by Ashley MAO

A new report released by the French Senate sheds light on potential bitcoin regulations in the country.

While stopping short of listing any specific regulatory measures, the report titled ‘Regulation in the face of innovation: public authorities and the development of virtual currencies’, calls cryptocurrencies a “long-term trend raising important legal and economic matters, that can no longer be disregarded by public authorities” and quotes a number of cryptocurrencies markets regulations from around the globe.

The report also acknowledges the potential of cryptocurrencies to be used as a payment system and a decentralised validation protocol despite the risks of “volatility, its anonymity and its lack of legal guarantee”

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Ashley MAO, Coinlaw

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

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