[2014-01-17] France plans to regulate Bitcoin and create a European foundation

[AnhBen]

France plans to regulate Bitcoin and create a European foundation
http://kculshare.com/2014/01/france-plans-to-regulate-bitcoin-and-create-a-european-foundation/

[patricktim]

A European foundation is just what EURO needs.

[cr1776]

A European foundation is just what EURO needs.

It wasn't too clear, but if France (as in the French government) intends to create a European foundation, that is bad because then it will be under their thumb.  If it won't be government created, this is good.

I am curious how long until the word "bitcoin" runs afoul of the French language police like they try to ban "email", "blog", and "fast food".  Lol.

[Hashcesar84]

Rules are what bitcoin need to complete his grown, rules don't mean taxes but just traceability and safety.

[Bitcopia]

Rules are what bitcoin need to complete his grown, rules don't mean taxes but just traceability and safety.

Ouch. My eyes are burning.

Bitcoin has a very strict set of rules. It has since 2009. Maybe you mean people need rules?

[Hashcesar84]

Rules are what bitcoin need to complete his grown, rules don't mean taxes but just traceability and safety.

Ouch. My eyes are burning.

Bitcoin has a very strict set of rules. It has since 2009. Maybe you mean people need rules?

yes I mean people need rules. Exchanges need rules. Bitcoin has scrypt not rules

[Rygon]

Sounds like a similar atmosphere to the US Congressional hearing. France is wary about the AML issues of Bitcoin, but they are much more worried they will be left behind in technology. All it takes is for one or two countries to embrace bitcoin (or at least ignore it), and everyone else will jump on once they understand the advantages of the new tech.

[marcus_of_augustus]

Rules are what bitcoin need to complete his grown, rules don't mean taxes but just traceability and safety.

traceability and safety ... ha, like all those big safe too big to fail banks and their volumes of books full of rules?

We tried that, it didn't work.

Meddlers can just leave bitcoin alone please

[FeedbackLoop]

For Bitcoin, France is the worst possible country of the EU to start thinking of creating european wide foundations. The only reason the country hasn't descended into a shithole like North Korea is due to its extremely rich natural resources, especially excellent agricultural soil and weather, as well a central position in Europe (more than geographically). That and that the Germans have kept them sane, like when the french were crying full lungs for baby-squid Super Mario to debase the euro faster just a couple of years back...

[superresistant]

For Bitcoin, France is the worst possible country of the EU to start thinking of creating european wide foundations. The only reason the country hasn't descended into a shithole like North Korea is due to its extremely rich natural resources, especially excellent agricultural soil and weather, as well a central position in Europe (more than geographically). That and that the Germans have kept them sane, like when the french were crying full lungs for baby-squid Super Mario to debase the euro faster just a couple of years back...

Oh here is the one that had bad marks in French course.

[e521]

This is a very good news actually
Not sure how much we can trust kculshare.com
Has this been covered by the french press or any other website?

[marcus_of_augustus]

I can see the French totally losing their minds over bitcoin ... some have already it seems.

I wouldn't go let any number of bitcoins go near the place, it will be schizophrenic treatments at best, completely communist at worst.

[Operatr]

As the French government and and other EU countries have done so well managing its financial system so far...

[superresistant]

This is a very good news actually
Not sure how much we can trust kculshare.com
Has this been covered by the french press or any other website?

It's people we know from the forum that went to the sénat.
We were talking about it here :
https://bitcointalk.org/index.php?topic=407033.0;all