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Cryptoassets & Blockchain Legal News

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France

Increasing usage to result in blockchain regulations in France

October 9, 2017 by Ashley MAO

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.

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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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