Increasing usage to result in blockchain regulations in France

Blockchain Europe France Regulations

The President of the Autorite des Marches Financiers (AMF), Robert Ophele, said in an interview for the Challenges business magazine that in the face of increased use of blockchain in France, his agency is aiming to impose new regulations on the technology.

Ophele noted that cryptocurrencies meet the need for instantaneous and cost-effective money transfers but are also prone to exploitation by those willing to avoid taxation or for other illegal activities.

Ophele did not specify what regulations the AMF has in mind or when would they be introduced.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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