France to launch their own cryptocurrency

[acroman08]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

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[Juggy777]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

@acroman08 if France can successfully launch it’s centralised crypto then they’ll be forced to admit that Bitcoins is money and they may even consider legalising it. Also I’m sure many central banks will be keenly watching France move regarding their Crypto, and it’ll only be a matter of time before they too consider launching it in their countries. However France crypto may be a epic failure too because in the end of the day it’s a centralised crypto, and not a decentralised one like bitcoin.

[smartbitcoininvestor]

I'm sure there will be a day when a country or a major bank announces its own blockchain-backed cryptoasset. The blockchain as a technology is already so popular for database security that only time will tell =)

France, Germany, Spain and the United Kingdom are next to Malta which is essentially cryptocurrency island so I think we could see an "Euro Crypto" or something similar to it one day. I think it would actually reduce crime because everything asset and transaction is automatically tracked and accounted for. I am excited to see how our global economic system develops thanks to the invention of the blockchain.

[bitbro678]

I think essentially most countries that are currently against crypto will go that route.

[MURONDI]

everything can change, hopefully it can be good news for the development of crypto, and hopefully every country soon follows the French steps to create crypto for his country, maybe the next few years crypto will develop very rapidly.

[omone1]

If France launches their stable coin, then other Franco nations will be dragged along, this will make IMF to start preaching of cryptocurrency to the world. Instead for developing nations to encourage their citizens about cryptocurrency, they are busy with a dead fiat. UK may toll the same line, the question is when America?

[tianglistrik]

they mean doing good policy, they hate it and then they research this technology. maybe there are some warriors there who give their knowledge about crypto and can convince the government there that finally has a good impact for now. so it's good we welcome it because we have another new place to use crypto

[the rise]

in the first article discusses about launching digital assets / money, and is not included in cryptocurrency. Just like the news about DCEP a few weeks ago. So what do they expect next? as a facilitator for crypto at a national bank? Such a drastic change in attitude makes me think that they actually really care about bitcoin.

[avikz]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

It's not just France. There are a lot of countries who are planning the same! China, India and other BRICS  countries are also planning for it. But this doesn't change the economy for better because these are just a digital representation of the government controlled fiat currency. Earlier you used to have cash in your wallet and now you are going to carry it on your mobile wallet! That's it! Nothing drastically different!

[RooseveltOah]

I think essentially most countries that are currently against crypto will go that route.

Agreed, but even then Bitcoin will still exist as an alternative for use cases countries don’t want them to be used for

[Astvile]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

@acroman08 if France can successfully launch it’s centralised crypto then they’ll be forced to admit that Bitcoins is money and they may even consider legalising it. Also I’m sure many central banks will be keenly watching France move regarding their Crypto, and it’ll only be a matter of time before they too consider launching it in their countries. However France crypto may be a epic failure too because in the end of the day it’s a centralised crypto, and not a decentralised one like bitcoin.

The fact that they are launching a stable coin is good but I don't think this will lead to bitcoin being legalize there in France. They want people to use the coin that they'll be launching so if they were to legalize bitcoin which people there literally know better than any stable coin by any company or country people will just be using bitcoin alone, at least the majority of the population.

[Bonenx14]

I think essentially most countries that are currently against crypto will go that route.

Agreed, but even then Bitcoin will still exist as an alternative for use cases countries don’t want them to be used for

maybe they are still in the stage of doing research on crypto, if it gives positive results in their research then the path chosen will be like France. a state policy must be considered in a complex manner and not just playing games because it brings a lot of people in a country and this is positive news

[AniviaBtc]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

It's not just France. There are a lot of countries who are planning the same! China, India and other BRICS  countries are also planning for it. But this doesn't change the economy for better because these are just a digital representation of the government controlled fiat currency. Earlier you used to have cash in your wallet and now you are going to carry it on your mobile wallet! That's it! Nothing drastically different!

China already have started making their own crypto currency as they shutdown bitcoin in their country. So everything is possible nowadays because of the technology that can help cryptocurrency to develop itself.

Chinese Government can now control people for them to mine their own digital currency. As they control people, they can now totally control their economy.

[acroman08]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

It's not just France. There are a lot of countries who are planning the same! China, India and other BRICS  countries are also planning for it. But this doesn't change the economy for better because these are just a digital representation of the government controlled fiat currency. Earlier you used to have cash in your wallet and now you are going to carry it on your mobile wallet! That's it! Nothing drastically different!

I know there are other countries that are launching their own cryptocurrency that's why I used the word "also" but my main point is how the country's government view to cryptocurrency changed from hating it and almost banning it to creating their own cryptocurrency and even teaching the younger generation about it.

[stompix]

well, it seems like France will also launch their own cryptocurrency next year it's funny that just year ago they despise cryptocurrency and now they are launching their own cryptocurrency

What is funny is how you people don't understand a thing about cryptos and what is a centralized coin!
That French official dispised decentralized cryptocurrencies, what France though the Bank of France is launching is totally centralized crypto that will work only for financial institutions.

According to the report, the digital euro-pilot will only target private financial sector players and won't involve retail payments made by individuals.

To make it clear, it's like IoS and Unix, IoS is Unix but good luck installing what you want on your iPhone like you do with a Unix system.

@acroman08 if France can successfully launch it’s centralised crypto then they’ll be forced to admit that Bitcoins is money and they may even consider legalising it.

And why? Just because it's using a blockchain?
You realized that if that is the only reason they would have to consider howeycoins money too?

[blckhawk]

I don't think they consider it cryptocurrency, but rather a digital currency. It's unit might be different in their fiat, but the core value of it would still depend on it. According to the article, they 'decisively' make it different from a cryptocurrency. This means that blockchain might not be implemented, and as well as its transparency. It might still be run on centralized servers and is monitored by central banks.

[Kemarit]

Last month, it was reported that France to Include Bitcoin Literacy in High School Curriculum. So perhaps they've realized the crypto will be big in the future that's why they have tested the waters and decided to launch their own crypto. Maybe some hidden agenda like huge tax, or spy people around on how they're going to used state back up crypto. Anyways, we haven't seen any crypto being back up by government being successful, maybe it's too early or people doesn't want centralized coin. So let's see how they're going to manage it and see how French crypto enthusiast are going to react.

[bitbunnny]

France is not the first or the last country to launch own cryptocurrency. Countries are experimenting with cryptocurrencies for a long time now to see what are their possibilities and opportunities. This will not bring any kind of revolution and I doubt that it will be successful but I don't think that matters. Like I said, it's about experimenting.

[Wind_FURY]

I don't think they consider it cryptocurrency, but rather a digital currency.

Everyone laughed, but they didn't take notice of the difference.

It's unit might be different in their fiat, but the core value of it would still depend on it.

The same fiat, but instead of debit cards and saving accounts, users will have "wallet apps". "Digital-fiat".

Plus much are already transacted digitally without physical cash exchanging hands.

According to the article, they 'decisively' make it different from a cryptocurrency. This means that blockchain might not be implemented, and as well as its transparency.

It will be a centralized ledger powered by "blockchain technology".

It might still be run on centralized servers and is monitored by central banks.

It will!

[BeManga]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

in the past, many countries are against crypto some of them ban it and some make a regulation to stop Crypto
it just good that they try to stop it for them to learn that it is impossible to stop crypto
maybe they also realized that crypto is the new technology
if they can use it right crypto can also help their economy to rise.