Bitcoin Forum
July 20, 2024, 10:41:59 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: France prohibits creation, sale and use of any digital currency without banking  (Read 1112 times)
virtualmaster (OP)
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500



View Profile
May 14, 2013, 06:40:36 AM
 #1

How do you interpret this ?
Is only Ripple prohibited in France or Bitcoin and other alt-coins also ?
http://www.reddit.com/r/Bitcoin/comments/1e9bq2/france_prohibits_creation_sale_and_use_of_any/

Calendars for free to print: 2014 Calendar in JPG | 2014 Calendar in PDF Protect the Environment with Namecoin: 2014 Calendar in JPG | 2014 Calendar in PDF
Namecoinia.org  -  take the planet in your hands
BTC: 15KXVQv7UGtUoTe5VNWXT1bMz46MXuePba   |  NMC: NABFA31b3x7CvhKMxcipUqA3TnKsNfCC7S
Kazimir
Legendary
*
Offline Offline

Activity: 1176
Merit: 1011



View Profile
May 14, 2013, 07:02:43 AM
 #2

Quoted form a well informed gentleman at Reddit:

Quote from: davout-bc (at Reddit)
Well, apparently I'm the only one here that has bothered clicking on the link and actually read instead of hurr'durring.
The OP is misinformed, the words "Monnaie électronique" have a precise definition. Electronic money in the context of European and French regulations means "a transferrable claim on the issuer, expressed in fiat.
Bitcoin is not electronic money as it is legally defined in Europe and France. It is absolutely not in the scope of this article. Which country would be moronic enough to try and forbid Bitcoin ? The Streisand effect would be massive.
OP should inform him/herself about the differences between : * Etablissement de paiement * Etablissement de monnaie électronique * Etablissement de crédit
Don't hesitate if you have any questions.

So, no worries. Bitcoin is NOT forbidden at all. Happy mining Smiley

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
Ares
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
May 14, 2013, 07:39:42 AM
 #3

Quoted form a well informed gentleman at Reddit:

Quote from: davout-bc (at Reddit)
Well, apparently I'm the only one here that has bothered clicking on the link and actually read instead of hurr'durring.
The OP is misinformed, the words "Monnaie électronique" have a precise definition. Electronic money in the context of European and French regulations means "a transferrable claim on the issuer, expressed in fiat.
Bitcoin is not electronic money as it is legally defined in Europe and France. It is absolutely not in the scope of this article. Which country would be moronic enough to try and forbid Bitcoin ? The Streisand effect would be massive.
OP should inform him/herself about the differences between : * Etablissement de paiement * Etablissement de monnaie électronique * Etablissement de crédit
Don't hesitate if you have any questions.

So, no worries. Bitcoin is NOT forbidden at all. Happy mining Smiley
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!