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Author Topic: France, Germany to make joint bitcoin regulation proposal at G20 summit  (Read 205 times)
stompix
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January 19, 2018, 08:07:16 PM
 #21

This Finance Minister has appointed a "Sir Bitcoin" and gave him instructions to think about how to regulate the cryptos.
The guy appointed was governor at the central banker and anti-bitcoin on top of that.

Source for this?
See here:
http://fortune.com/2018/01/16/bitcoin-cryptocurrency-france-regulation-jean-pierre-landau/

It was published firstly here:
https://translate.google.com/translate?hl=fr&sl=auto&tl=en&u=https%3A%2F%2Fwww.lesechos.fr%2Ffinance-marches%2Fmarches-financiers%2F0301151100963-le-gouvernement-nomme-un-monsieur-bitcoin-2144973.php

And yes the news posted by OP is something old from October or December and started after France decided to be more clear about the taxes related to cryptos

You're overreacting
The guy is just leading a team to figure a way to combat money laundering.

Whatever he thinks he must come up with a report and only then would (maybe?) the finance minister take action.
And even then, the laws would have to go to parliament approval before anything else....
It will never come down to a bitcoin ban.


It gonna be a tough call because we have Japan, Australia and to an extent South Korea which are pro bitcoin and cryptocurrency and on the other side, France, Germany, Indonesia and China who opposes bitcoin, and then neutrals like  India and other nations as well.

When and where is Germany opposing BTC ?
Regulation does not mean banning.

So,what you are saying is that Bitcoin will have Japan, Russia and the UE giving it support, against USA, UK and China?
With Brexit and all involved... i don't know, but love the speculation. It ,makes Bitcoin raise, eh eh!

If by some miracle the US will oppose openly and ban BTC, prepare to count the value in cents.
But it will never happen.


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January 19, 2018, 08:34:22 PM
 #22

Regulating Cryptos will decrease scams, anyway better than banning Cryptos. In your opinion, what will be the impact in the market?

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January 19, 2018, 08:40:57 PM
 #23

Article confirms that the bitcoin is gaining popularity in the whole world. When it was created in 2009 no body sees it as a threat now that is gaining ground they want it regulated. Let's wait and see what it will be come March.
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January 19, 2018, 08:55:00 PM
 #24

This Finance Minister has appointed a "Sir Bitcoin" and gave him instructions to think about how to regulate the cryptos.
The guy appointed was governor at the central banker and anti-bitcoin on top of that.

Source for this?
See here:
http://fortune.com/2018/01/16/bitcoin-cryptocurrency-france-regulation-jean-pierre-landau/

It was published firstly here:
https://translate.google.com/translate?hl=fr&sl=auto&tl=en&u=https%3A%2F%2Fwww.lesechos.fr%2Ffinance-marches%2Fmarches-financiers%2F0301151100963-le-gouvernement-nomme-un-monsieur-bitcoin-2144973.php

And yes the news posted by OP is something old from October or December and started after France decided to be more clear about the taxes related to cryptos

You're overreacting
The guy is just leading a team to figure a way to combat money laundering.

Whatever he thinks he must come up with a report and only then would (maybe?) the finance minister take action.
And even then, the laws would have to go to parliament approval before anything else....
It will never come down to a bitcoin ban.


I said "gave him instructions to think about how to regulate the cryptos" How is that overreacting

Quote
...and I have just entrusted Jean-Pierre Landau, former deputy governor of the Banque de France, with a mission on cryptocurrencies . "
The mission will be responsible for " proposing guidelines on the evolution of regulations " in Bercy with two objectives: "to better control development and prevent their use for purposes of tax evasion, money laundering or financing criminal activities or terrorism

Of course this guy isn't a politician and has no power to decide about anything, I didn't say he will ban cryptos.
And no, in france, in order to pass a law, no absolute majority of the members of the parliament is required.
A law can be voted and accepted during the night while there is nobody or just 3-5 persons in the parliament

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stompix
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January 19, 2018, 09:52:28 PM
Last edit: January 20, 2018, 12:51:01 PM by stompix
 #25

I said "gave him instructions to think about how to regulate the cryptos" How is that overreacting

It's because of the context of the news.
We were talking about what might France propose and you added that they have already asked a guy who is anti-bitcoin to come with a plan on how to regulate cryptos, like they already have a plan in place and they appointed the biggest enemy of bitcoin to make it happen.

When he was just asked for a report to combat money laundering via coins.
The UK did that two months ago and nothing came out of it.

I don't see France taking a hard stance against crypto.

Quote
And no, in France, in order to pass a law, no absolute majority of the members of the parliament is required.
A law can be voted and accepted during the night while there is nobody or just 3-5 persons in the parliament

I have no clue how the parliament works in France but in most democratic countries, laws that are non affecting the constitution might passed with a simple majority of votes in favor.
But here at least, there is no voting until at least 1/3 of either the senators or the lower house are present.
I would find it pretty weird that something like that would be possible in France.


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