France to launch their own cryptocurrency

[HarmonyA]

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

This is a welcome in the right direction. Seeing one of the world famous country pick interest in cryptocurrency,  indicates the value of the project. Going from criticism to government acceptance. This will lead to more adoption, despite that full anornimity of transactions is not guaranteed.
This development will also encourage other countries who rely on the development strategy of France for their economy advancement to join the digital currency train.

[crwth]

There can always be a change in your heart with anyone. Maybe France has finally understood the essence of cryptocurrencies, but what I don't get is why make their own? They are currently going to test the currency until the end of the first quarter, according to the tweet of Rhythm Trader [1]. If they become successful, they would be copied by multiple governments, and the start of the cryptocurrency revolution is happening. I hope they would let people understand the importance of Bitcoin in all of this. A lot could happen in the future, and we have to be ready.

[1] - https://twitter.com/Rhythmtrader/status/1202301857617645569

[alani123]

Weve heard this time and time again. Such news are usually propagated more by BTC friendly news websites. I'd be very surprised if an EU state issued official statements regarding issuing ANY currency, let alone a cryptocurrency...

The EU stands for a commitment of countries to abolish their central banks in favor of a more centralized system. The EURO has been fairing well in terms of FIAT standards. I'm very doubtful that France, being the seond largest economy in EU, would break that commitment.

[ashmodeus]

probably because they think crypto cannot be denying , so the better way for it is just create a own crypto currency.
its a weird thing right ?
firstly they declare to ban,war or everything, then now , they just reversing their own words.

[viennemariela]

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

This news is indeed both a shock and excitement, especially to Cryptocurrency users. I think French's government really underwent through a thorough study and investigation on Cryptocurrency's advantages and disadvantages. It is a good thing they are very brave to experiment if Cryptocurrency will be effective. Though it is decentralized, and the first article mentioned that France will ban Bitcoin because it can be used to shift taxes and for money laundering activities.

And because of this adoption, French students are taught just as mentioned in the third article. I think this is very helpful since young generation are more critical thinkers and who knows, maybe one of them could lead to Cryptocurrency's success if ever, in the near future.

Overall, I hope that this would be the start of an open-minded community. However, the cons is that it might spark money related acts punishable by law. And that discipline might be hard to instill among people.

[CarnagexD]

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 =)

Absolutely. The adoption we are seeing right now is the start of what we are dreaming for our society. Blockchain technology is taking over almost in all of the industry from financial to medical which totally tell people how great it is.

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.

It isn't surprising at all, when I saw the article about how did the Germany adopted the cryptocurrency offering the use of it as an investment to their citizen. I knew it was the beginning to the european country to fight their negative interest rates. I'm just curious how these said country, government will handle things like this especially it involves unprecedented problems.

[Wind_FURY]

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

This is a welcome in the right direction. Seeing one of the world famous country pick interest in cryptocurrency,  indicates the value of the project. Going from criticism to government acceptance. This will lead to more adoption, despite that full anornimity of transactions is not guaranteed.
This development will also encourage other countries who rely on the development strategy of France for their economy advancement to join the digital currency train.

France is not interested in cryptocurrencies, there's no acceptance. Do your research on what actually true cryptocurrencies are.

There can always be a change in your heart with anyone. Maybe France has finally understood the essence of cryptocurrencies, but what I don't get is why make their own? They are currently going to test the currency until the end of the first quarter, according to the tweet of Rhythm Trader [1]. If they become successful, they would be copied by multiple governments, and the start of the cryptocurrency revolution is happening. I hope they would let people understand the importance of Bitcoin in all of this. A lot could happen in the future, and we have to be ready.

[1] - https://twitter.com/Rhythmtrader/status/1202301857617645569

France has NOT finally understood "the essence" of cryptocurrencies? Do you actually believe that?

Where's franky1? I believe our opinions on this would be something we might agree about. Hahaha!

[alyssa85]

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

That's a interesting development. France is part of the euro (which is a currency shared across 19 countries). If it is developing it's own digital currency on it's own, then we may be looking at them building the infrastructure for them to exit the euro and go back to the franc (or a digital franc).

[gabbie2010]

The earlier France launches their cryptocurrency the better its no longer news that some European countries had started getting interest in cryptocurrency having weigh it usefulness, I believed France must have seen some genuine reason why it's need it's own coin  after adopting it obviously their economy might improve and this would give some their cryptos enthusiasts more options in dealing with Fiat and cryptos.

[imutlinda]

The earlier France launches their cryptocurrency the better its no longer news that some European countries had started getting interest in cryptocurrency having weigh it usefulness, I believed France must have seen some genuine reason why it's need it's own coin  after adopting it obviously their economy might improve and this would give some their cryptos enthusiasts more options in dealing with Fiat and cryptos.

this is one good development, a country adopts crypto independently. might have an impact on the territory of the country, and might also bring in new users. if it can really be realized there will be many good impacts, especially in the country, plus they also develop education in crypto technology

[crwth]

France has NOT finally understood "the essence" of cryptocurrencies? Do you actually believe that?

When you say it that way, it makes me feel like it's wrong to say that but it's not true. Isn't cryptocurrencies a digital currency? But what separates the crypto that France is planning to do from other cryptocurrencies is that it's going to be started by their central bank, the CBDC. [1] What's wrong with doing their goal? Improving the financial system? [2]

[1] - https://cointelegraph.com/news/france-to-test-its-central-bank-digital-currency-in-q1-2020-official
[2] - https://cointelegraph.com/news/french-central-bank-official-wants-to-improve-financial-system-with-blockchain

[longyenthanh]

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

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.

We must advocate this fact that anything that is not decentralized, distributed and censorship-free doesn't belong to the domain of cryptocurrency. XRP is also not a cryptocurrency since its centralized.
The only reason for launching such centralized cryptocurrency is to divert people's attention towards them and discourage use of real cryptocurrency.

[airdnasxela]

As you can see, it is possible for a country who first dislike and disapprove on cryptocurrencies to change their minds and realize the need of cryptocurrency. Now that France, also other country who see crypto like this before but now trying to adopt it, it's also possible for other country. It's becoming more vivid that more countries will slowly accept bitcoin and other coins.

[Oneandpure]

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

France become friendly country in Europe to adopt and receive bitcoin as legal currency, after adopting bitcoin as syllabus in their school now France try to launch their own cryptocurrency. After France success adopted and created their own cryptocurrency coin I think give chance for other country in Europe will adopt and receive bitcoin too as legal currency payment transaction.

[friends1980]

France fits perfectly in this beautiful line of other statism-obsessed countries who are also developing their own cryptocurrencies, like Venezuela, China and North-Korea.

Keep it real guys. If they'd do it for the sake of the people, then why are they so afraid of Bitcoin?

[Mulann2]

France fits perfectly in this beautiful line of other statism-obsessed countries who are also developing their own cryptocurrencies, like Venezuela, China and North-Korea.

Keep it real guys. If they'd do it for the sake of the people, then why are they so afraid of Bitcoin?

and am even wondering why this country are so eager to create their own crypto when there are so many in the market? they have to do is do a thorough search and select the one that best fit their needs and do partnership with that project to further strengthen the foundation of such project, instead, this country are busy creating new crypto for their country

[bitvestorhacked]

Wow this is new, if this is real then there is a serious move toward accepting crypto world wide and with this we should stay full time in. We blessed to be here today.

[Fatunad]

probably because they think crypto cannot be denying , so the better way for it is just create a own crypto currency.
its a weird thing right ?
firstly they declare to ban,war or everything, then now , they just reversing their own words.

At first China wanted to make their own cryptocurrency and now France want to make their own too. I think it is now a trend that most of these countries will start to make their own cryptocurrency despite of banning the cryptocurrency they still plan to make one. It's like they were following what was the China have been doing in the past and up until now. Someday we will be hearing another same story like this in the future.

[adeandro]

France, China, Germany. Soon all countries will have their own cryptocurrencies 

[hermawan9416]

France pleases me more and more, maybe I should move there?