A new news came from France that governments around the world came to ideas and regulations about how to approach the crypto paralysis. Jean-Pierre Landau, a professor of economics professor of Science Pro and former Bank of France, who has put Les Echos’ “Monsieur Bitcoin” on display, a group formed to cope with the risks in the kirpto currency.
Landau’s past is a bit complicated. In his article for the Financial Times in 2014, he criticized virtual currencies heavily and argued that he might be tempted for one or two reasons; tax evasion, money laundering and speculation. In that period’s article, “Bitcoins seemed to be a fad of contemporary modern times (found in 1636 Dutch tulip balloon), this madness was not over. The longer it continues, the more investors will burn. ”
Bitcoin was traded at $ 860 during the period when this article was purchased, and it climbed to the level of $ 19900 last month. Interval price adjustments and the current order is being processed at the level of $ 12,000.
French Finance Minister Bruno Le Maire, explaining Landau’s new mission; shortly there are new ideas from the team waiting for the regulations on crypto money. Finance Minister Le Maire wants to control the development and regulation of crypto currencies; wants to develop new methods that will prevent the use of crypto-currencies for money laundering, tax evasion and the financing of illegal activities. In addition, Le Maire demanded that Argentina address this issue with the G20 Summit chief during this period.
It will be interesting to observe France’s approach to this issue. Also at this time the European Union is working on a new anti-money laundering law, which also includes crypto currencies.
For Bitcoin, the greatest cause of the troubles of the last days; South Korean and Chinese governments should approach the problem by trying to ban crypto money exchanges. Without further international cooperation, governments realize that there is no way to prevent people from using non-decentralized currencies such as bitcoin.Tags: anti cryptic bitcoin monsieur