Bitcoin Forum

I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.

The news has effect on only French traders. The whales and global traders will not give a shit to this news.

But the old world wants to start a war against crypto money. The banks and politics have been giving speeches about this war since 2 months. 2018 will be the financial war year between crypto world and the real world.

I believe that in some or other form all the countries want to regulate crypto currencies, it definitely will have huge impact on cryptocurrencies prices in short term, but i believe strong crypto currencies will sustain and raise.

this could be the cause of today's trading chart blues almost all the coins down all the price, but I am sure all this is only temporary, after no more news like this again then all will be back mending again

At the end of the day this had to happen. Now it is the turn of the community to participate into the debate and use it to make cryptos safer and legal and therefore more valuable. It is our turn to speak, not of those who don´t know bout it.

This might be the cause of dropping its value , i also read about the banning of bitcoin ni korea particular in south korea if im not mistaken , the only thing that bothers me is that why they are banning this such thing wherein i cant see any illegal here that can make their economy to fluctuate  .

There is a possibilities that this news will affect the current status of the bitcoin and the other alternative coins out there, if the france country declare a war on the cryptocurrencies for sure in just a matter of time the issue will be okay and trading will go on.

Well this is not the first time news happenings as regards to banning of bitcoin by some countries like south korea and china has affected the price, negative news of this magnitudes has always resulted into the dumping of the coin by panicked hodlers invariably  resulting into sharp drop in the price, nevertheless those countries has few hodlers compared to the overall populace of the hodlers.

Yes, right, I'm sure it's all they aiming for.
There is absolutely no way this "war" could be declared because of house of cards like economy.
No chance its all about people getting undependable of banks and their fishy loans, nope thats just crazy  ::)
Stop those electronic crime bosses and their slave miners! Free all the graphic cards of the nerds suppression...
Viva la revolution... MY ASS

Since bitcoin and cryptocurrency has been introduced mainly to the public last 2017, it may have posed a threat for the authorities and now they must make some actions in order to regain control and dominance over this growing 'currency'. Just these past few days, many news came out regarding the different country's regulations that have been made.

They are mostly intentions rather than real actions, but the news make big impact on regular people, because they can't distinguish between a legislative act and a proposal to make some changes in the law. Hearing something from a top political or financial figure the media makes it look like it is already done while it is only words yet.

I'm sure even though the rule has been made, many French people still transact using BTC today, and that means the French state will be against its own population..

Agree with you

Can't you read this? This is about crime and and they are right on regulating crypto to fight cyber crimes. There is nothing for traders etc.

What is wrong with all these nations? First it was China which was trying to ban the Bitcoin trade. Then it was India's turn. And then we heard news from Nepal and Bangladesh, where Bitcoin users were arrested and detained. And when we thought that we had enough, there was a major blow from one of the most significant markets (South Korea). And now France as well...

The high price of many coins in cryptocurrency make many people want to have amount money, but they were lazy. So they decide to stolen. Be carefull guys :)

This is no war on cryptocurrencies.

France did not declare such a war.

This is no different from any other countries handling of cryptocurrencies.

Even in the USA, you cannot use cryptocurrencies to avoid taxes or finance terrorism. Which is what france said they want to tackle.

Almost every country would not want you to avoid taxes or finance terrorism.

now, maybe 2018 is a year for things like this. it could probably be the reason behind the value of bitcoin today.

but if they decided to deal with bitcoin because of those crimes, then it will be fair to just deal themselves with those people that committed crime and not put pressure on all users.

It's a war-declaration for using cyrpto-currencies for financing terrorism. Not for using cyrptos for trading or investing. And that is completly normal.
There were lots of news like this.

Maybe yes maybe no. We are seeing a great crypto correction in the market since past few days. BTC a lot of times has touched this mark of 12k So you can't really say that this news is the sole reason why crypto today is so low. Moreover even China has given some rumors regarding complete ban on btc that also might have played some vital role in determining price today.

dear all china and s.korea was a good example to follow when we here such news . bitcoin is unstoppable specially when governments step in .calm down ..

The regulation of btc soon or later will occur but the most important thing here is not to panic as ministers can be changed but the digital currency not.

hope the governments will realise the importance of bitcoin and other alt coins and support crypto currencies and not try to destroy.

Haha, you really believe the excuses from the governments? they only want to get tax out of the sales, terrorists will always find a way to buy/sell things, they do not need a cryptocurrency for doing that.
another exuse from some governments is that they do not want investors to lose money, haha, like they care... they already made a lot of people making losses so all cheap excuses to win trust. If they would care about people they would ban the tobacco industry. Please do not believe what they say, think self. A big reason why crypto is so big is because people lost trust in governments and banks.

I do not know if this is the reason of the recent decrease I the price, but it has been obvious for a long time that a war against bitcoin is coming, but the problem is they do not have a way to completely destroy it and I'm sure they understand that, they are just trying to avoid mass adoption.

Nah, this type of news has very limited effect on global price. European nations are actually small markets.

Just over a month ago the French regulators (AMF and Bank of France's ACPR) issued their first joint official warning about Bitcoin, apparently prompted by thousands of calls daily to their help centres from the public asking them if it's safe or if the government would protect them. They even said that Bitcoin was wrongly referred to as a currency or cryptocurrency.

No prizes for guessing the effect that had on Bitcoin interest nationally! Hint: opposite of desired effect.

Yes. I see today's exchange rate becomes all red, not even on the high price coin. It also influences the price of altcoins. The news that you submit is also very influential on the rating exchange, the same as when China banned transactions bitcoin ago.

I have some experience with french people but they seems to be open minded as a culture and i am sure that this news is not as serious as some would like to be. I think that at some point they will rather help the cryptoworld  because it represents the future.

This is fake, this hasn't been confirmed yet, this is just like a war of "fuds" because everybody is posting fake rumours in here and everybody is believing in them. Stop guys, this is fake and you are probably afraid of this.

The war is getting real at this time just like I predicted and the effect is just something I cannot phantom how damaging its going to be. From my point of view, I think its a form of coordinated attack because they have realised that one country making the statement of banning bitcoin, is not achieving the desired effect they had earlier envisaged so they decide to do it in unison.

Ascribing the entire market to the whales and global traders is really not right because if the war is fully blown, even the whales will have to go underground because they also come from a particular country. Also, if the whales remain unperturbed, they cannot force other participants and without those little unit holders spread across the world in the market, there is really no market at all.

I do not think that decisions of single countries will have a huge impact on the crypto currency price, except China probably. The crypto market cap already reached $840 billion and I was expecting that a war will start when reaching $1 trillion. But this only confirms the success of the independent crypto currencies and I have no idea how they practically want to stop the use of it. Yes, they can regulate or prohibit the public exchanges, but they can not stop the use.

that is still a dificult topic as more counties ban bitcoin, the more difficult it will be to attract new investors.

especially bitcoin.

evading reality and government is just like watching a movie, at some points it has to end.

just like "freedom" its a big illusion.


i still remember using background music for my youtube channel during the late 2000's.... and then everything got blocked or deleted for copyright infrigement.


it took years, but the governments won.


wishful thinking is kind of a bad thing, it may lead to great lossses.

Will,for me thats only the finance minister decision of dodgeng tax and not a final decision of totally ban,maybe  i thinks his hystrical and not more knowledge about crypto currency  on that time of saying that digital coinsused to finance terrorism and other crimes,because if he already the truth about crypto its is useful for the good of the economy and not for distraction of the country.he is only a finance minister and we respect and in tittled to his opinion,but the final decision is in the prime minister of france and we hope that the decision is depend on cryptocurrency.

I think this is one of the factors affecting bitcoin's price. The tough regulation and banning of some countries in cryptocurrency will make a great impact to its popularity and dominance. Many investors will pull out their investment because they cannot escape now from taxes.

I wonder why none of the bitcoin community is not suing officials for spreading false information? Let them prove that cryptocurrency is used to Finance terrorism. I have not heard a single fact that the attack was paid for by bitcoins. It's a lie. The fact that people do not pay taxes also occurs due to the lack of transparent rules and due to a total distrust of governments.

Small correction India didn't try to regulate Bitcoin or crypto, Indian Income tax department raided Bitcoin traders to check if there is any money laundering case, if one is honest there is no need to worry here.

We all hope after the ban crypto trading in china, other countries are able to overcome the problems that could affect the market price so that in the future there is a country that has the largest market other than China and market price movements that can beat the value of digital currencies such as the current price that lowers the price . Hopefully in 2018 there is a structuring of cryptocurrency trading so that the value of market prices can increasingly raise the price.

I am very much in favour of any regulation or hard stance on the financing of illegal activities, or at minimum those related to terrorism and illegal drugs. Obviously, I would rather make it difficult for people who are trying to kill me.

I am however afraid of governments using fear for political means.

Yes, i just read some news that france declare war on cryptocurrencies. Because they say that they are using bitcoins in trading some illegal transactions. And also china banning bitcoin mining. Thats give big effect in all markets in crypto world.

i wish france would rather do like India that only checked that there is something illegal is happening , unlike what others do that it really affects the price of bitcoin today , i dont think that the price drop is alarming , also hoping for some kick to pump price.

Bitcoin doesnt need France to pump. Despite of Bitcoin's current bloody position. I believe it will recover. Just look at the volume. Whales are just accumulating from the dip. They are slowly buying every single dip.

that news just advertises the beautiful tax-evasion possibilities cryptos provide, good for market

Well it has just put gas to a burning fire. What is happening right now is bad news over bad nes is coming that is why it is helping Bitcoin to go down more at this dip because a lot of investors are fearing of what is happening and they are wise to do so. Additionaly the chart of Bitcoin has failed to re-test its resistance having a declining double tops showed that a decline like this would happen. So people who have sold their Biycoin are lucky as they can buy it at a cheaper price.

It doesn't surprised me at all. EU has been very vocal against cryptocurrency since the beginning. I'm sure that there would be more EU countries coming out of and declaring war on crypto's. As far as the effect, it could impact the price at a minimum. There are really a lot of FUD around China and South Korea that really affects the market price significantly.


Fiat as well can be traded and use in illegal activities, so that argument is flawed. But I could understand if they say that crypto can't be controlled by their government, because that's how most of the coins are designed, anonymous and pseudo-anonymous. They should look at Venezuela and Zimbabwe's economic situations, those people in their survived with the used of bitcoin and other crypto currencies in general. It also brings positive impact to the government and its citizens as well.

It says regulation ot actually banning it, a lot of goverments have woken up and relized the fact that there are a lot of people who are involved in the cryptocurrency industry that are earning millions of dollars without paying taxes, honostly i am suprised that they didn't do this a long time ago when the cryptocurrency was just used by a few people, i think this was the strategy all along for goverments to let the crypto industry to evolve and grow and let the prices go up so that people  think that they can get rich from it and than drop the bompb by regulating it and making them pay taxes for it, and we can see that not only the french govermment has came to the decesion of regulating it, many govements have taken severe decisons conserning it, and we can see that that affected the prices real hard.

As you said immediate action of many governments are against the crypto currency investors so it causes huge price fall in crypto currency market.Bitcoin price is falling under $10K and still falling same cases going on with every crypto currency.The total coinmarket value of crypto currency turned $650B into less than $400B maybe it will fall more.
I hope this is weird situation will change soon hopefully or it may affect many investors hardly.

I don't want to sell any of my crypto currency until the condition will get normal or I will lose more money from my life savings.

It seems that the world banking system has declared war on the crypto-currencies, and begins to hang on them all the sins - from tax evasion, to the financing of terrorism.

They just pointed out some disadvantage of using bitcoin.  Actually even using their currency their paper money, forms of crimes like this can still happen.  They are just threatened with bitcoin as it is gain much attention.  People are more into investing than saving their money.

Honestly, I'm not surprised if we see more and more countries trying to regulate crypto, since let's be real, tax evasion is a crime and crypto allows that to be done fairly easily. Financing of terrorism is a dumb excuse, everything can be used for that from weapons to oil...

There are some dumb arguments but the tax evasion one is fair. France has some questionable decisions lately overall.

I think there is a big difference between regulations and war.
I have always been a friend of some regulative measures because they make it more difficult for scammers to use bitcoin for their purposes.
And I think as well that regulations make crypto currencies more accepted in the public opinion.

Regulative measures can make the trust in crypto currencies stronger, and maybe even decline the big swings of the price.

They just want to have a global regulation and have asked that the G20 experts take a look at it.
But I'm quite sure that once they will have understood how much money they can make from crypto by taxing us, they'll find it interesting and worth allowing it.

Bitcoin become so popular because of the sudden pump in its value last 2017 so it is really not surprising why many countries wants to regulate bitcoin of course governments would like to have the tax for such earnings people can get out of bitcoin especially that the value keeps growing and appreciating. I think because of what other countries are doing today puts impact on bitcoin value that's why it keeps on dropping.

we do not need recognition from them without Bitcoin's acknowledgment still goes, as usual, their problem says Bitcoin is abused for terrorist financing before Bitcoin is created even terrorists have earned their funds with cash..

In my opinion, the negative issue of bitcoin may affect the reduction of bitcoin prices, including French news that declares war on cryptocurrency Bitcoin and altcoin.
The more issues like this, bitcoin prices will continue to decline, let alone the issue or news is really realized,
But we should not panic for now,
bitcoin prices will surely rise slowly in the future.

Massively agree. People tend to exaggerate everything heavily. The world looks like black and white to them, they don't see either colors or shades, all 50 of them. Mass media with their yellow journalism and sensationalism are also a contributing factor. And this can be very annoying or even frustrating when people are so myopic and don't look beyond attention-grabbing headlines.

I think this would not affect the international community as it is only on france with approximately 2% to 8% of the current circulation. High profiled investors won't give a damn on this and will invests more because of deflation. Feels sorry for the french traders and investors for having this event on their country but don't lose hope as government will just add regulations on it and everything will be fair and alright.

i think it will affect a lot on todays market , when france declares war on cryptocurrency the market of every coin turns into red , im not european but i am hoping that someday they accept bitcoin as part of their economy and sees the good thing in this form of currencies .

No war was declared by France. Read the thread. It's journalists and their obsession with catchy titles. In fact, the French finance minister, Bruno Le Maire, called for new regulations on crypto currencies to stop them being used for tax avoiding, finance terrorism and other crimes. That's it. In the future French people will be using Bitcoin as they were using it before and no one is going to forbid them to do so.

Uhm… it’s good, but I’ve always been afraid of things like this happening. I have always felt like the government would declare war on cryptocurrencies if they realized that there is no way for them to charge tax on the users of cryptocurrencies, unless they will be charging tax for those that withdraws.

I don´t consider it a true war on cryptos, is more like a war on tax evasion, which anyway does not really affect the rich dudes that can pay for a full fledged legal net for protection.

I must say, these are interesting and exciting times. More and more countries talking about regulations, scaring of the majority of new investors to pinch in into the space. It looks to me they're intentionally holding people back to jump into the revolution, which in my opinion is inevitable. Banks want to prevent this movement of new money, because it will eventually affect the banks. At first it wasn't that big of a deal, but the market has grown exponentially last months/years and now it is getting scary for them. Where there is money there are regulations. So it is of no surprise that governments want to regulate it at some point. Taxes are directly/indirectly being evaded and they probably think they are missing out. So they want to get an insight of everybody's portfolio sooner or later. If this will actually happen, who knows. In my looks of it, it is unstoppable and the blockchain technology will prevale. Who will be the winners, losers, when or how no one can really tell. But stopping cryptocurrencies as a whole will only be possible if you disconnect the internet....  ::)

 

Slowly and slowly whole world is becoming against crypto land, I am still hopeful governments will make room for the crypto world.

Not surprising, but my opinion is that all these governments are afraid because bitcoin is more anonymous, one would say "so-called anonymous" because we know it is not really anonymous, but still they want to control and make sure to know all users are doing their thing with their real name. So all exchange platforms would need to share the details of their customers. It is impossible to do, but this what governments want now.
And as for France, they use the anti-terrorism excuse to find a way to tax all benefits made with Bitcoin and other digital money. France has reached a point where they desperately need the money to finance their massive public expenses. Their debt is huge and I am not sure chasing Bitcoin holders will help :)

I think they are just regulating the cryotocurrency usage on their country so it is best for the future of their country because regulation can stop the usage of cryotocurrency from the Illegal people and criminals.And these kind of strategy will be implemented by all the governments sooner or later.So it have benefit for the government too so they are not against cryotocurrency they just want some benefit from the cryotocurrency users.

Those are fake news, it has been already clarified and they are exactly the same as what happened on Korea, and China, they didn't do anything, but a lot of people started to say that everything was over.. and it was just a huge fud.

French government always as stupid when it comes to technology, they did the same with the Internet...

No fake news, this is real. They will be pushing in April during the summit in Buenos Aires. Real question is: what do you want to do exactly? Because for sure no one is talking about a ban, but simply more regulations and more control.

Overall scenario if we consider things are not moving right for the cypto lovers. More and more countries are now getting stricter either by imposing strict laws or directly by imposing the ban on cypto currencies in the country. Will need to wait and see how does other countries react to this decision and will this impact in their decision regarding framing the laws in their country.

I'm not sure if they have declared the war against the whole crypto community but whatever I understand is they just want to be safe in their own country. It's obvious that they want to regulate the country in proper manner and don't want to get disturbed with any outsider intruder (Here : Crypto).

However, I don't think that this news and the current downfall has got any relation really. The news is just into he air and they have not done anything practically yet. So must not get panicked about it either. In the long run such news will keep coming and however crypto is not going to stop at all. It's better that we focus on how to improve Crypto so that in the future we don't see any trouble from many countries which could be worrying thing later on.

We all know that bitcoin is being used for bad deeds long ago, silkroad was one of the few site that deal with terrorist and drug addict and gun smugglers. I dont think that it made an impact since it only regulates and not totally ban the crypto currency.


If they are really scared of the news they will have second thought about crypto and might sell their coins, but they will also think that they might miss the chance of getting profit in the future if they would sell their coins today.

one thing I know is that there is always a threshold to everything. They'll keep on fighting and fighting crypto but they'll be fed up sometime and crypto will be back on its feet. Same was done some few years ago when BTC started. By the way it's good it's a regulation and not a ban(that's more threatening).

Uhm… I’m really getting confused and afraid in a way. Why are they fighting against cryptocurrencies? Every year, I hear story of a new government kicking against Bitcoin , now it’s France, and China is also trying to stop all Bitcoin miners and mining activities in their country. I hope this doesn’t turn out pretty bad.

french has said war on Cryptocurrency, I hope my country does not follow in the footsteps of French because I just engaged in the world of cryptocurrency  :(

Well, it seems that banks and governments start to realize how dangerous bitcoin is for their power.
As someone stated, bitcoin will do for banks what e-mail did for post offices: it make them useless.

So, we can expect a strong reaction at every level, as we can already see.
But at the end, they can't stop bitcoin, they can only slow down its development.

I agree, the power is reacting

https://www.financemagnates.com/cryptocurrency/news/indian-banks-suspending-accounts-multiple-bitcoin-exchanges/

https://www.financemagnates.com/cryptocurrency/news/clock-ticking-cryptos-china-central-bank-spells-latest-crackdown/

but I'm not so sure bitcoin will win.

France has joined the ranks of the enemies of progress.

Apparently, it seems that the war has finally been declared: there are a lot of news about governments trying to forbid the use of cryptocurrency, visa doesn't accept bitcoin, India and other countries declared they will stop bank account suspected of crypto activity.

This sound alarming, but I suspect they are only trying to create panic just to make cheap cryptoshopping and huge profits.

Due to the no-border nature of bitcoin, there is no way in which a country alone could stop anything: only a global agreemen between governments (or the shut down of the internet...) .

So, all these bombastic declarations of the last days seem to me just "Much ado about nothing", as Shakespeare said.

The Bitcoin use in the French is still minority, it will not affect so much about the market price but  it will affect the Bitcoin 'ecosystem'.

The central bank has known the threat, and they think out a way to getting it over. I believe nowadays goverment make a strict regulations for cryptocurrencies and even banning them.

  Yes i agree it can be use for financing terorism  and other  illegal activities .people  with different intentions can take
  Advantage of the situation.i hope the government can find the way to solve it..!n

Whether the news is true or only false news is done by unscrupulous people to be able to buy bitcoin, actually similar news already exists and often appears, it aims to lower the price of a commodity and they make large purchases of magnitude when the price weakens.

They are afraid to ban crypto explicitly so they decided to regulate it to death, tax it to the limit until no one is going to use it. But unless they unite at the world level and above, these regulations will most likely fail. Ultimately, all regulations at whatever level will fail, but it may take time until crypto breaks through and crushes them all.

whether this is set up?
whatever the answer, if French who do Ban on Bitcoin it will not affect the decline in the price of Bitcoin, the decline in the price of Bitcoin is currently only saturated time, sooner or later certainly its price will go back up.

I think you are too optimistic. Now in Davos is the world financial forum. There will be a discussion about the cryptocurrency. We don't know what they agree. In case if the decision on the fight against bitcoin the price can fall to zero. We are waiting for news.

Well, not only France, but a lot of countries are studying measure to control bitcoin.
Actually, what a single country does it wont affect too much the price, because investors know that there is no way to stop bitcoin acting locally.
Instead, if a common decision will be taken on global scale,... well, this will be very bad for bitcoin and all cryptocurrencies.

But, knowing how difficult is usually for them to find a global agreement even for trivial things, I this we can sleep peacefully :-)

this won't happen. look to places like china. they've done all they can to squash bitcoin. people have moved to telegram groups and are trading with each other. if it happens in other countries the same will occur too.

i don't buy the line of an illegal bitcoin being more desirable. that's dumb. it's not a drug and if it's illegal it's less useful, but it still has useful properties. 

i expect what they'll do is reaffirm what's already in place - lots of kyc on exchanges and any service that's custodial. look to the new york bitlicence for the endgame for that attitude. it's onerous but doable.

Maybe someday it can affect to other country because they have an idea that Cryptocurrency can use such crimes, but hope so they would not be able to react such news because I have read that some countries whose permanently ban the cryptocurrency but hope so our country would not be able to react such news. Probably the French not want to expand such crimes so they think that it better to regulate laws to stop using Cryptocurrencies. Any country they can abuse especially who can sit on the top.

Last week French finance Minister Bruno Le Maire, calls for new regulations to prevent cryptocurrencies being used to dodge taxes and funding of illegal activities. These new regulations will impose restrictions on speculators and financial manipulators. After Korea France is the second country in this month which is trying to ban/ regulate bitcoin currency. But this ban has not done any large impact on world bitcoin community, its impact remain up to French bitcoin users.

I believe France is only against to the illegal issues concerning the use of bitcoin and other cryptos but if time comes that this issue will be resolve I think France as well as other country will start accepting bitcoin in their market. Many issues will really test the strength of crypto currencies but we must continue supporting it and understand that whatever happen bitcoin will remain a currency valued by most people

What is the big deal if they will declare war on the cryptocurrencies because it doesn't matter if they declare war on cryptocurrencies because the only thing that matters here is the demand for bitcoin and it seems that the demand is still high and i don't think that cryptocurrencies will fall just because of the war that has been declared by the France.

this is just a discourse.
it's the same thing that people want to stop the storm.
the national decisions of the francis only affect the francis.
to stop cripto there must be an international agreement.

As I read the article, I think France has a point on regulating cryptocurrencies but I doubt that this would lead to a total ban because if they want their investors to stop buying cryptocurrencies, they should ban it in the first place and not just regulation.

as long as france is not a big player on the market, such news shall not affect the market. unlike china, korea, usa

Being a newbie, I don't think the war between one person against cryptocurrencies, maybe it is a person of interest or they want to advertise their name only.

I do not care about this policy, the impact will not be too big because I live in Asia. If Japan or China do the same thing as french then I know this is a nightmare for me.
I will not think about it, because it makes me dizzy and worried.

Yes, it seems like they want to regulate, but whatever plan they are taking, I believe it will only be taking place in France and not worldwide, unless other governments will just decide to follow their lead. But regulate Bitcoin, I don’t really see that as a good idea.

By the way, the bank of France governor said that Bitcoin is not a cryptocurrency, neither is it a currency. I wonder what he meant by that.

Probably means that he believes bitcoin right now is purely a speculative asset, and in that regard should be considered to have the same status as stocks in the financial market: so tax wise bitcoin profits will be taxed the same way as stock profits.

This is the great problem that cryptocurrency encounter as of now and even in the future. The government did not want to exist this type of asset that violate any rule such as imposing of tax. Cryptocurrency also can be used as storage tool in money laundering and in crime.
We might be scared of this event but we must still pray that this would not be the end of crypto since many of us are just starting to cope up with the trend.

A lot of countries are now against bitcoin but bitcoin stays on its range and i don't think that bitcoin will go down lower than 10k even though there are things like this. Even france declared war on the cryptocurrencies like bitcoin then it is not enough to totally stop bitcoin because bitcoin is decentralized and it doesn't obey any orders from a country because it is not centralized.

I don't get the hate on taxes. Eventually we will need to pay taxes for everything. If you move out of cryptos because of the taxes you're losing out on, still, a huge chance to earn money. Paying taxes doesn't mean the government will take ALL your money, just a portion of it. If you have to give $6000 out of your $20000 that's still $14000. It will also protect us since now, it will be audited and cannot be used for terrorism and such.

What is the major ordeal on the off chance that they will pronounce war on the digital forms of money since it doesn't make a difference in the event that they announce war on cryptographic forms of money on the grounds that the main thing that issues here is the interest for bitcoin and it appears that the request is still high and I don't feel that digital forms of money will fall due to the war that has been proclaimed by the France.

This is one of the statement that caught my attention
"A director at Germany’s central bank said any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community."
The real enemies of cryptocurrencies are the one managing the banks. They wanted to destroy the crypto world for it affects their businesses and they are losing too much investors. This statement, in my opinion, shows how desperate they are to say that it should be globally regulated. Well, good luck to them.

That's true. They'd be irrelevant when it comes to cryptocurrnecies which is why they'd do anything to keep us in line. Its no surprise if they are already trading in exchanges actually but since there is noting that will keep them in control over the numerous tokens being created in blockchain, they are going to be less important to the people still even if they all are going to buy all Bitcoins.

Minister of Economy and Finance of France has instructed a former central banker to develop any new rules and warn about the "risks of speculation and possible financial manipulation" related to the bitcoin and other crypto-currency.

France's finance  minister, Bruno Le Mer, said he wanted new regulations targeting virtual currencies.

Minister of Economy and Finance of France want  stop the use criptocurrency which surrounds   circumvent tax laws, terrorist financing, and other crimes.

Yes thats true, and this will make Bitcoun price on huge dump again, I dont have any idea why they were banning Bitcoin since I am just a new worker here, there wa always a part on thid platform that we might be seen, as stated above, maybe in relation which current issues today about terrorism thats why they will banned Bitcoin, another Big country again?

Regulation is a good thing for the crypto world.

We ought to support taxing on crypto gains like a capital gains tax as this would mean that governments are recognizing crypto as an asset class.

Countries that have developed financial markets will not ban crypto but they will want to regulate it.

This is a matter of time as crypto market will reach a size that central banks cannot afford to ignore very soon.

Having a country banned bitcoin can affect negatively to bitcoin though, since people will get the wrong perception and begin to think that bitcoin really is something bad.
Moreover they use the reason like criminal and such, and those people who don't understand may believe and try to badmouth bitcoin as well.
But it may affect more drastic if there are many bitcoin investors in france, and they're forced to sell all their bitcoin and never access it again. And this new regulation may also lead to another banned from others countries, though i hope it won't ever happen.

At the end of the day what people are doing is dodging taxes and they are reaping all the benefits, they are having their full income, and the government is only making expenses for the public without getting anything from the public. The only way for the governments to get  taxes from the government is to regulate crypto.
People are not using crypto for it was intended to be. Terrorism has in fact increased due to the usage of cryptos, so here's where regulation has to be implemented. Though this may violate one's privacy, this is essential for one in the bigger picture if he/she wishes to use crypto for long.

The ban is only for the French people.Even they can use of VPN to hide their location of trading. There may be a huge war between the real money and cryptocurrency. Due to such ban ,the price of bitcoin  is now reduced.

The true behind this, is that the government believed  that bitcoin is actually use for or it enhancing drug trafficking, terrorism and money laundering. They failed to remember that transaction using blockchain can actually stop most of the corruption going on due to it transparency. Anyway that's politics, tomorrow they might come up with something different. But I advise investors to continue to hold as bitcoin may one day be acceptable worldwide for exchange from my own perspective

South Korea banned Bitcoins trading because there were a lots of scammers and people who did fraud .. and now they have said that they will resume it but only with verified accounts nothing else.

I do think that , that step was justified and we'll thought and at the end of the day bitcoin trading is going to continue so one shouldn't think that much about it.

On the other hand France is totally being conservative on this topic and that's rather problematic for the price of Bitcoins.

This can cause a price drop, but I don’t see this as anything more than a way for the government to collect taxes. They also want to cut down on ransomware attacks that demand Bitcoin as payment. The cryptocurrency environment will survive these regulations just like the internet survives various regulations as well.

I'm not surprised by this news. In France, as far as I know, there are always very large taxes, so large companies are running from there to hide their incomes.

Le Maire recalled his intentions to propose a regulation for cryptocurrencies during the annual summit of the G-20, corresponding to 2018. Reason why the French government will ask Argentina to include it in the agenda of the organization. If the Bitcoin regulation was included in the next summit, it would be discussed on January 29 during the Meeting of the Initiative on Data Gaps in Buenos Aires, Argentina.

The position of discussing a regulatory framework for Bitcoin and blockchain technology from the G-20 is also shared by the financial leaders of Italy and Germany, who endorsed the proposal. This is not the first time that Le Maire comments on Bitcoin concerns, as in December 2017 he commented in an interview that another of his concerns is the possibility of hiding "activities such as drug trafficking and [financing for ] terrorism. " Concerns similar to those of multiple governments at this time, but according to a report published by the United Kingdom, it rejects the use of cryptographic currencies as a form of financing of this type of illicit activities.

France has beedn critical on their defense against terrorism since they have been attacked by terrorist in the past years. Though with that strict approach on cryptocurrency in their country, atleast they are not banning it. So for me, it has no effect on the downside of cryptocurrency afterall. Maybe new investors would think twice before they invest, but those who already in cryptocurrency will not panic sell their coins.

Now that bitcoin start to achieve popularity and public acceptance, banks and governments start to realize its revolutionary potential.
So, we can expect all kind of measures against bitcoin, but at the end there is nothing they really can do.

Of course banks may worried of losing their income and clients if cryptocurrency will becoming a currency used globally. Because banks are mostly protected with the governments for sure they will protect them, in fact government still generating income them too unlike having these cryptocurrency. But I believe it won't make crypto stop from spreading and it's is not totally a barriers, still it will make way to inform others the goodness of having this new generation of currency.

There were lot of bombastic declarations in the last weeks, but the true is that they are scared to lose the control and start to react histerically.
There is nothing they can really do to stop bitcoin progress.
Much more, the surprise is how well it resists under a so violent attack.
Think about a company demonized in this way by media and institutions....

If the news is true, it will be very dangerous. Because other countries would also follow mngikuti french if indeed cryptocurrency considered dangerous.

Whatever it is that is going to happen, I believe it will only happen in France. But one thing I’m praying about is that it never happen in other countries, cause it’s starting to seem like governments are following the same footsteps. Well, let’s just hope it doesn’t happen, that’s all.

sometimes this was been used by by some whales to make movements on the prices as we all know that they have big participations why the value of the coins moving grow Or dumping low.if a country declares banning on something,this means only in theirs not the whole world.this only have problem from french not to other countries.so we must not be affected

Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.

Two explanations:

1) they are scared and try to destroy cryptomarket

2) the want to profit, so they manipulate the market to make price fall to buy cheap.

We'll see.

You are right, and these are not the only items on your list, why some countries react that way. But we must deal with our business and believe in the future of the crypto currency, because there are countries that on the contrary support and introduce new technologies related to crypto-currencies.

Still some countries within the SEPA zone are not willing to agree with France and Germany about these over-the-top regulations: let's see how the G20 summit goes, but UK, Ireland, Cyprus, Malta all share a different vision. There won't be a consensus we can be sure about that. Too much money involved.

Like Japan. Regulations are good but banning and considering it illegal will only make the market go wilder. Destroying its market is never going to work because it if will, it would have been destroyed back when BTC wasn't yet known.  No central institution can declare its value to be zero there its not going to work even if they all ban it.

It’s seems like we are not understanding this. I don’t think this is in a way to stop or ban Bitcoin… despite their central bank governor once said that Bitcoin is no cryptocurrency and neither is it a national currency.

I believe what the France government is trying to do is find a way of preventing those who use cryptocurrencies as a way to dodge paying their taxes, and also to find a way of stopping those that uses Bitcoin as a way to carry out some criminal activities. So, I don’t believe they are trying to ban Bitcoin, cause they never mentioned anything like banning.

Yes, it has an impact. They want to tax everyone, and they want accountability on transactions, to make sure that it will not be part of illegal activities or crimes, but that's not how bitcoin was created. It will be a trend since tax is very important to all governments.

Let's compare if South korean and Japanese decide to ban bitcoin just like Chinese, I think bitcoin will be back into $ 500 again !
So yeah , France ban doesn't affect too much but if France join the army, I'm sure bitcoin value will drastically increase  !

Lets hope that it will happen. I fully support the ban of bitcoin if it goes below $500 the better at least this way we can have more and I think the governments are not going to find the community hurtful to countries economy. $8K is already good but $500 is awesome, I bet banks can easily collect more than 16M BTC by then.

These both reasons are valid and the thing is that crypto currencies are given people complete freedom over their wealth. They are free to use their money the way they want to use. Bitcoin is not only providing them with the most amazing investment but also profits too.

People are crazy the way blockchain technologies work and giving people a true sense of liberty. I don’t think so governments can destroy crypto.

From the first place to be honest is quite frighting because , yes it can affect our market and the investors will have a doubt right know , and lastly india , and china ban the bitcoin now the france. So it's quite shocking though and still having search regarding this thread I will post and reply to this.

Oh my gosh! I just hope bad news will end there. We need to have more good news than bad news so there will be chances that bitcoin price will recover within this month. All I can see in the market is the red marks, and the bad news about bitcoin. When can we see the green marks and the good news in cryptos? I miss seeing that color and reading good news about it just like the good news in Japan. I'm still hoping for it to recover within this month. I know that this is just a test for those believers in cryptos.

No they won't ban bitcoin, I can guarantee France will not ban bitcoin because France (Macron) cares a LOT about their image, Macron wants France to look modern, friendly towards technology, etc. There won't be any ban. But believe me they will make everything possible to track every payments made with bitcoin, tax everything they can (as usual, nothing new here).
This will make bitcoin much less attractive than before.

I can even picture the following: French residents allowed to buy/sell only from exchange platforms owning a license in France. This is exactly what happened to sports betting companies back in 2010.

For them bitcoin is a bubble, it can generate big losses to the citizens and for that reason they want to restrict it, but they do not realize that doing that although if the speculation decreases at the same time, losses are generated for some investors ... They must find more effective ways to improve the system.

Fully agree with you, and I would add that these platform will ask for proofs of identity and address (KYC) to each customer to be sure everyone pays taxes related to cryptocurrencies benefits.
France won't ban bitcoin, but the government will make sure every benefit is properly taxed. French government named a former bank director to elaborate new laws of regulation for bitcoin. As banks don't like bitcoin we can be sure this regulation will be drastic.

What we can certainly assure you is that this new scenario has made Bitcoin especially sensitive to changes in the market, sanctions have caused many investors to migrate to other futures markets and abandon the idea of ​​continuing with bitcoin, although there are more who wait to reach an agreement, since the characteristics of the currency itself favor everyone equally, including those belonging to governments, France has been the most insistent in Europe in the prohibition, why?

Because in contrary to what you think about Macron, France is still a tax hell and Crypto is a good way to escape from this hell.
Do you know how many millionaires are escaping from the country every year ?

Because France has massive public debts due to huge public expenses, it's a very socialist country, welfare is huge in comparison to other nations in Europe. In the meantime the hard workers don't earn that much money (they will pay between 22% to 30% of taxes every month + at least one full monthly salary of tax once a year). For instance someone earning 2000 EUR/month will pay:
-500 EUR of charges every month (immediately deducted)
-additional (circa) 2000 EUR a year
> (500 * 12) + 2000 = total of circa 8000 EUR of yearly taxes for a monthly salary of 2000 EUR.

For someone earning 3000 EUR to 5000 EUR a month, this is even worse.

Yes that's correct, the government tries his very best to take the most they can from workers in order to pay for the public debt (which will never be paid in full anyway). Add to that massive privileges given to politicians, senators, etc. this needs to be paid by the average workers too.

How come anyone can even imagine that such a country will support a concept that allows to "hide" money in a crypto-currency wallet?
Investments, activities related to digital money will be highly taxed and very monitored in France, very soon and that does not come as a surprise to me.  

Just an additional government that wants to regulate cryptocurrency. I think they will have no impact on the bitcoin community. For me the top 3 game changer country for bitcoin is US, Japan and South Korea. That is why when South Korea implement the regulation on their crypto exchanges it creates chaos to their citizens who are holding bitcoin.

Regulators have already woken up. And crypto-currencies in general are attracting far more flak from regulators. This week America’s Securities and Exchange Commission halted an ICO by AriseBank; and regulators in South Korea cracked down on allegedly illegal foreign-exchange dealscarried out using crypto-currencies. Even Facebook this week announced a ban on ads promoting ICOs and crypto-currencies (although Mark Zuckerberg has
expressed an interest in digital currencies).

Any country that tries to stop innovation will have a much harder time ahead that those who embrace change and are able to create an ecosystem for their economy to grow.

I very much agree on this!
It will be the loss to France if they will make that order effective.
In the first place, there is nothing wrong with bitcoin or any crypto currencies. It actually offers opportunity for its people but it is very obvious. That they don't want to bite for their future success.

I think France is just like other countries banning crypto for the reason that they can't benefit from here if they dont have controlled with it. Though we can't lift any possibilities that cryptocurrencies are now used for crimes because of untraceable and anonymity, still be in consideration also. But mostly the reason of banning is due to uncontrolled events in crypto by the governments.

The phenomenon that happened in South Korea reflects the current situation of France, meaning, they will be strict in terms of its transactions due to possible abuse of its nature. Similarly, both countries see bitcoin as something that can be potentially abused by individuals in order to avoid paying taxes (which depends on the laws per country regarding its imposition of tax in cryptocurrencies, if any), to use its anonymity factor for illegal transactions or for money laundering.


Every innovative idea has its implications in the system when implementing it. While bitcoin may be considered as a 'threat' to their country, we cannot hide the fact that cryptocurrencies may inevitably replace fiat in the future. We must also consider that there are still countries who are under-developed and are still miles-away from adapting to a digitalized form of currency but you guys are right. In order to progress further, these countries must embrace change and start making platforms that support this ideology.

This year has been a big and tough test for the crypto world as more and more countries are fighting with crypto, but I'm sure crypto will get stronger and will dominate the financial system.

this is not new and some other countries will follow it started in china, but this dips are just temporary, once more countries settled for it, the price of bitcoin will skyrocket, nit even china can stop it long before, so what else can a country do smaller than china? lets just be positive ok :)

It's not such a war, it's probably a way to legalize bitcoin.
French Minister of Economy Bruno Le Meir announced the creation of a working group to develop rules for crypto-currency regulation.

then who cares?hows the important of france in this community for us to be bother?big countries are issuing banned about crypto do they succeed to stop this?so stop being weak guys,crypto can stand those countries that declaring war about us..
Guess so mate,maybe misinterpreted by the OP,or maybe hes just a weak that easily be affected oevery negative news about this forum

Almost every month, new countries have been regulating cryptocurrencies. They are suppressing cryptocurrencies the way they wanted. It has been rocking down the market chart nowadays. If these things go on, it will really greatly affect the crypto world. Coins won't recover and I am afraid, they will dissappear.

It seems that French government's FUD has the least impact on cryptocurrency. Certain countries' FUD just evaporates in the air. Reviewing news that have the biggest impact on the market might tell us something.

the french minister is doing this because he is a mascot. Those that want to scam the state will do it with or without crypto, drug traffic, arms dealers, human traffic, will all go on as they have done until now, without crypto. If he want's to protect the citizens against those things a war on crypto isn't the way.

Nowadays,Bitcoin as a cryptocurrency is growing very rapidly  as well as other altcoins, the development of cryptocurrencies as a whole has a positive and negative impact on crypto holders or investors, especially to the state governments in different parts of the world.
It is natural for the state government to have a concern for the interests of its people who are involved in the world of cryptocurrency,because basically cryptocurrency is based on a decentralized system where there is no government or central bank intervention in the world.
Although the popularity of bitcoin is very high, the development of cryptocurrency is very good, there are still many rejections that occur from state governments in various parts of the world to cryptocurrency such as France and some other countries that also reject and prohibit the use of crypto currency.
In my opinion, perhaps the government of the country needs a deeper review of the use of cryptocurrency in their country as well as establishing a fixed regulation about the cryptocurrency policy for their people and investors in the country.

And stop being blind please, there is no blinder man then the one who refuses to see.
Yes, countries such as France committing to a "fight" against crypto-currencies is a big deal.
Being aware of it is the first step for better decisions in the future.
Ignoring it as it does not happen is silly.
Some facts (not related to France):
-Visa locks down bitcoin payment cards
-Mastercard issued by WaveCrest locked down as well (see Advcash, Payeer there are threads about it here)
-JPMorgan Chase & Co halting purchases of bitcoin
France will take a number of restrictive measures very soon (I am from there, everyone is expecting it would be naive to think otherwise). Germany will do the same thing, they are like brothers.

I am not saying crypto-currencies will be dead soon, but 2018 will be a year of transition, massive regulations. Knowing about it before you decide to buy/sell is better than keeping your eyes closed and say "don't be weak dawg, everything is gonna be alright."

My 2 cents.  

They just want the money! The fact that there is a thriving piece of society in an age where everybody is impoverished by their criminal high treason policies is unbearable for them. Cryptocurrencies could save the day in a totally corrupted and rotten mainstream financial system, and THEY DON'T WANT THIS. Why? They don't even know why the don't want. They are just obeying to the orders of their pupeteers, for they in reality decide nothing, they are just butlers of the really powerful. And the really powerful told them to go and get that f**cking decentralized money.

If this is true, then this is bad news for holders of crypto coins - France has high authority and I am afraid that many countries will follow suit.

Most people are afraid of innovation, just look at what's happening on the computer, no one USES it at first, and now if you refuse to use them, you'll be fired.

But the fear of this new technology is that the right computers have replaced human beings in many jobs, and they will always do that, so I can't blame those who fear innovation.

Because Europe wants to be more aggressive to compete with the U.S. and China. France agreed last month on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies.

If many of their fellow countrymen are into cryptos, this is a big trouble indeed. We know that France is one of the progressive country in the world. They are just being safe in trading with different crytos, as what they want is to make it more legal. Some talk of the town that cryptis re being used in different illegal works. Ofcourse if this is not regulated, those crime starters have nothing to worry of caught in the act or be imprisoned in doing this because there is no evidence that can be presented. But still we should just respect the countries jurisdiction about it

I doubt that other countries will follow the France's authorities action. After all, cryptocurrencies just prove their worthiness in today's time. Maybe its just another attempt ban that may lead to regulation as other countries having trouble doing ban on cryptocurrencies.

This. The French are always terrified of innovation and keep trying to ban new things - and it's resulted in them having an unemployment rate of 8.9%. Because there are no new businesses emerging to replace the old dying ones.

the news seems to be valid only in France because now World fever with Krypto so there is nothing to worry about the statement. because Now is his era of Krypto

It's a war that has already ended. ACtually, France - or any other coutry alone - cad do very little to stop the use of cryptocurrencies.
Of course it can declare it illegal in its territory, but in no way can stop its use online.
So, let the politicians make big claim, and move on.

They showed the real bravery now. they are doing right and I will support them if evenn no one does

Most people are afraid of innovation, just look at what happened with computers, at the beginning no one wanted to use computers and now if you refuse to use them you are going to be fired, however people were right about their fears for this new technology computers have replaced humans in many jobs and they will keep doing that for a long time, so I cannot blame those people that are fearful of innovation.

Why? did btcs do anything harmfull to the france and its economy or people??

I wonder do governments have nothing else to deal with? Inflation, unemployment, poverty, poor social services are real problems, but they only think of how to have their power again and again. I'm actually for regulations, but sensible, we can really use the technology properly!

I don't understand the point? They should have just banned it in their country if they want why are they doing to totally abolish btcs?

Sorry, Mister Lemaire, but you lost  ;D

https://www.coindesk.com/financial-stability-board-downplays-crypto-impact-on-global-finance/

This is a very good new for the cryptoworld !

Not a good news. We already had good news when it happens thailand to recognize it and then in france its not accepted. It could affect the price eventually
. Let us just observe what could then be the effect if it for the better or not. Let us prepare ourselves and deal with it.

they are afraid of money laundering and terrorism financing via cryptocurrencies. though fiat money are widely used too for criminal activity.

He is just a board adviser, also his statement really brings weight to cryptosphere. But its the G20 member who will make the final say as to whether or how are they going to put regulations.

France and Germany has been the making noises in the G20 thing and they are proposing like one regulatory body globally. So we have to wait what's going to be the outcome, because I'm sure that France will raise the issue of terrorism an criminality financing via cryptocurrency.

Declaring a war on cryptocurrencies is like declaring a war on different bitcoins holder. There are a lot of people today who are investing on cryptocurrency and if government will just immediately ban bitcoins on their country then a lot of companies will crash and the number of their enemies will increase.

as long as they don't ban bitcoin from big countries such as france i think regulation should just be fine because i notice when there's a new news regarding regulation of bitcoin there are some small dips but it can catch up easily later on unlike in a total ban where correction on the market will happen instantly.

Really I even didn't know it? if its true then tell them to rather declare war against terrorists ;)

There is no bad thing about the regulations for the cryptocurrencies because it is just normal for the crypto to experience some regulation since it is not that controllable by the government so they are only depending on the regulation to be able to control the possible bad scenarios that might happen when the abusive users came to bitcoin.

Hm, not good news, but we must persist and show the nationa states that it is in their interest to only regulate, and not ban cryptocurrencies. The fight will be long and there will be no end to it, but that will be the hcallenge for the coming years.

It is true that this news only affects people living in the country of France, maybe for other countries, its influence is very little and not too impact to all of us who live in other countries. Actually very unfortunate if France can behave like this. Because indirectly this will be detrimental to the country itself.

I am a newbie and don't know much about it. Suggest me a thread for it please

maybe they are just too inclined of classic ones, anyway you are right about that but i think bitcoin hasn't proven anything yet as a currency but this blockchain technology makes this cryptocurrency survive for a long time even though there's a lot of fud against bitcoin and i'm pretty sure blockchain will have a huge part in the world economy in the future.

France declares war on the cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple. This is a working group that will work for the regulation of cryptocurrencies.

Sometimes I am confused with countries that forbid Bitcoin's laurels. Yet Bitcoin did not cause any negative things for the country. Instead, Bitcoin is helping people who use Bitcoin's life to be better and their daily economy becomes more fulfilled. Such countries should be able to learn from countries that accept Bitcoin. I'm sure Bitcoin can grow into the future and will be a very step-rate digital currency because its value will be too high.

They showed the real bravery now. they are doing right and I will support them if evenn no one does

This is an unhappy news. France is a country of economic development in Europe and a country with an important position in the world. France's declaration of war with electronic money may have a negative impact on the development of the Cryptocurrency market. We must accept this sad truth. Hopefully in the future, the French government will take positive action in the use of electronic money as a legal currency as in many other countries around the world.

This is awful, becouse in the same time Germany accepts Bitcoin. I wish Big8 will make a unite decision in bitcoin positive

I just hope this all blows over and france will support crypto currency. I don't want to hear another country banning crytpo currency again. Prices will dive again (well that is for me, because i can buy more coins) and others will PANIC sell again. Then again, i know crypto currency will be stronger and everyone will see it.

Of course this is a sad thing when the development of crypto in various countries getting better precisely the French government stepped back with the plan declares war on the cryptocurrencies.

when developed countries began to pay attention to the bitcoin to be regulated and validated, why did french go instead? i think this is because they are afraid of changing, so choose to stay in the safe zone

sad news for all of us! we know that negative news brings the crypto market into downtrend. i wont be surprise if the coming days price of BTC will move down to 50%. i hope in the coming days there will be positive news to nuetralize the effect of this news to cryptomarket.

French Finance Minister Bruno Le Maire said  that the France will make joint proposals to regulate the bitcoin cryptocurrency at the next summit of the G20 group.The European Union has previously proposed treating‎ cryptocurrency markets as a security threat linked to criminal ‎laundering and terrorists.

france does not have a very effective market volume in the crypto market. exaggerated news. The French government has introduced a number of regulations. that's all. It is not a situation we will take very seriously.
if many countries apply joint sanctions, they can create serious problems.

This news has caused the Crypto market to be affected and prices for the altcoin will drop. Some countries can not accept BTC and ETH or other altcoins. They think that cryptanalysis always brings bad luck to their country. But maybe they made a big mistake. They did not see the benefits of electronic money

Well this is only for the people and country of France.
Eventhough they banned the operation of Blockchain technology to their country it is not our business.
Just continue what we are started and let the entire jurisdiction of France missed the good opportunity of Crypto currencies.

Any country that tries to stop the innovation will have a much more difficult time than those that adopt the change and are capable of creating an ecosystem for their economy to grow.

For me crypto could even take some possitives from it cause thanks to that "add" crypto become more popular and more and more new investors finally heard about it so who knows if this situation is not good at the same time.

Of course, this is not very good news for the crypto-currency market as the market reacts very strongly to any negative news . Perhaps this is another speculation what we saw in January to bring down the price of bitcoin.

War on cryptocurrency and war on drugs are just the same because people will still invest no matter how the government create different laws or ban crypto in their country because people can get more income in this way rather than working in the corporate world.

I will not call this a declaration of War by the Macron and the French government, they are just making sure that people don't use Bitcoins and cryptos to evade taxes, finance terrorism and other illegal activities.

Now that the French are focused on winning the world football championship, they have no more time to deal with bitcoins.
Luckily...

I think this is good news na, it means regulation which would be before worldwide acceptance

This being a news that took place long back has been overcome by bitcoin. At times the price fluctuation was experienced, but that too grew at the right time marking a big change in the entire digital currency development as well in its way of growing in a stable manner.

It's an old news: the governments got scared during the December explosion, and they ran to stop with an incredible de-legitimization campaign.
But now that the market is relatively quieter, bitcoin is less under pressure.
We'll see.
We are waiting for the new European regulations.

Some nations will regret soon when the countries that have the eyes to see through the power of bitcoin  and move in that direction begin to experience great developments that will shock most of the countries that initially kick against cryptocurrency. The time will come when nations will be chasing after this industry to just be part of it.

France will not win over cryptocurrency because people will always invest because bitcoins so profitable and it can even be used to sustain your daily needs.

At the beginning of the year there was a worldwide plot to bring down the bitcoin.
No other institution or corporation would have resisted such an assault.
Instead, when the shot is hit, the bitcoin is preparing for new heights.
France will have to accept the situation.

that is true and for me it is just impossible to made all of us think that investing in crypto could lead to something else than profit, for me it will get only more popular in coming years.

Get ready for the epic shit, guys. Those bankers and all politicians don't give a damn about futuristic and technology, they interested in only on word - money. But what about ICO investment, will you invest this summer? What's your thoughts about Kelvin Blockchain? I want to invest in this project :)

I understand that France just wants to take a tax on cryptocurrency transactions.Well, it's not bad.Russia also introduces a tax on cryptocurrency in the amount of 13%.I think this news will not affect the exchange rate of cryptocurrencies

This is not a good step for cryptocurrency, france is great country and they are furious about bitcoin and cryptos because the truth they want to impose rrgulation on bitcoin activities in their country, maybe they wants some taxes from cryptos , and will take the responsibilities of monitoring cryptos in their country.

well, if this is really true, we can't do nothing about it, although we really hope that as bitcoin were accepted in many country it somehow helps its value in the market but then maybe they have their own reason in declaring wars over cyrptocurrency. maybe not forever but for quite sometime till they come to good terms and till they see the advantage of bitcoin in their country.

Like other countries who declares war on cryptocurrencies, France will be the country who will close the door for crpytos for sure. We know how their country are fighting for terrorism too as they were also become the target of terrorists lately. And they know what crypto can do and it can be a big help for terrorists so its better to wage war against cryptos too.

I think so.
France only wants to levy taxes on electronic money transactions.
Yes, it is not bad, nor does it affect much.
Russia is also introducing a tax on new electronic money is also extremely attractive
I think this news will not affect the exchange rate of electronic money
And it could also be an opportunity for investors as well as the financial community.

everything that related to crypto has an impact to ths cryptocurrency. Especially this case which will make investors  in frace really hard to buy or sell their crypto on that country. Right now we really need etf approval so people would be easily to buy bitcoin and altcoins in every country. ETF  would bring such good sentiment on the market for long term.

For me, such countries should be able to learn from countries that accept Bitcoin. Based on the last year trend, I'm sure Bitcoin can grow into the future and sooner or later it will be a very step-rate digital currency because its value will be too high.

What a damn comment,you hage just re write what the first comment this is the perfect example of generic posting ,and i hate reading such this post


Every country has their own reason why needed to put policy to cryptocurrency but most of them is the main reason to protect their peoples money because lots of scamming and hacking happening here,and we cant blame them