France will push for the European Union to adopt a regulatory framework on cryptocurrencies similar to the one it brought in last week at a national level, becoming the first major country to do so.
France will push for the European Union to adopt a regulatory framework on cryptocurrencies similar to the one it brought in last week at a national level, becoming the first major country to do so, French Finance Minister Bruno Le Maire said on Monday.
"I will propose to my European partners that we set up a single regulatory framework on crypto-assets inspired by the French experience," Le Maire said in Paris at an event on blockchain technology."Our model is the right one." The goal is to establish a market in Paris for companies raising capital in this way, allowing France to grab a slice of the expanding business while giving it some oversight of a niche which some fear could be a target for speculators.
On unregulated markets, where no rules apply, investors are left totally unprotected if things go sour.
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