Bitcoin is a double-edged sword for the wider society: providing freedom but also “being used for tax evasion, financing terrorism and other crime.”
France’s finance minister says he wants new regulation targeted at virtual currencies, to stop them from being used for tax evasion, financing terrorism and other crime.
Bruno Le Maire said in a sweeping economic speech Monday that he has ordered a former central bank chief to draft potential new rules, warning against the “risks of speculation and possible financial manipulation” linked to bitcoin and other such currencies.
Le Maire’s office couldn’t provide details of what the rules could contain. Regulators worldwide are taking a harder stance on the currencies as their values have skyrocketed.
From CIW NEWS Contributor
France (FR) is estimated to have a population of 66.8 million with a growth rate during 2010-2015 of 0.5% pa.
At the same rate of change, in five years' time its population will increase by 1.7 million.