TagBruno Le Maire

France Flaunts 'Right' Crypto Model as EU Members Feel the Heat

France, crypto, Bruno Le Maire

By CCN: France is pushing the boundaries with its new crypto regulatory framework, which it unveiled a week ago. Now the government plans to pressure other EU states to take the “right” approach to crypto regulation. French officials are acutely aware that the blockchain is an emerging field with proven risks, and they have employed a heavy screening burden for projects seeking to sell crypto...

Bitcoin Disrupts France's Massive $2.5 Trillion Life Insurance Market

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If you're wondering if bitcoin will ever attain wide-scale adoption, look no further than France. French insurance companies can soon include cryptocurrencies in life insurance contracts, thanks to a vote by France's National Assembly. Pact Act Swings Door Open for Insurance Companies to Invest in Crypto Deputies overhauled the Insurance Code via the Pact Act, with Article 21 swinging open the...

French Lawmakers Want to Give Bitcoin Investors a Tax Cut

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According to a French news website, France’s lower house of parliament (Assemblée Nationale) has backed a proposed plan from its finance commission which will effectively bring the taxes on bitcoin gains in line with other capital gains taxes in the country. At present, bitcoin sales are taxed about 20 percent more than traditional capital gains or sales of stocks and other securities. The bill...

France’s Finance Minister Plans ICO Regulations in Bid to Attract Crypto Startups

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According to a recently published opinion piece, France’s finance minister Bruno Le Maire revealed that the country plans on creating a legal framework for initial coin offerings (ICOs) in a bid to become a leading ICO hub. In the opinion piece, published on French website Numerama, Le Maire claims he asked former central bank official Jean-Pierre Landau to draft a proposal for a legislative...

French Finance Minister Reverses Course, Turns Bullish on Cryptocurrencies

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The mood on cryptocurrencies at the G20 meeting in Argentina in recent days was decidedly hopeful. Among the world leaders, Bruno Le Maire, France's finance minister, helped to set the tone, saying ahead of the summit in an interview with Numerama that he wants the country to be out front on cryptocurrencies. France already has a leadership position in the world on fintech, more specifically...

French Minister Bruno Le Marie Highlights Importance of Bitcoin and Cryptocurrencies

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During this week’s G20 summit in Buenos Aires, Argentina, France’s minister of Finance Bruno Le Maire highlighted the importance bitcoin and cryptocurrencies may have in the world’s economy. Le Maire pointed out that France, along with Germany, called for cryptocurrencies to placed on G20’s agenda. The minister revealed that France will start working on cryptocurrency regulations before the rest...

French, German Finance Officials Call for Global Crackdown On Cryptocurrency

Bitcoin, cryptocurrency

German and French finance officials want the G20, an international group of financial officials, to take action to prevent cryptocurrencies from undermining global financial stability and creating risks for investors, according to a recent letter to G20 members. The officials – Bruno Le Maire, France’s Minister of the Economy; Peter Altmaier, acting German Finance Minister; Francois Villeroy De...

‘Monsieur Bitcoin’ to Head France’s Cryptocurrency Regulation Task Force

Cryptocurrency task force France

France’s economy minister has established a task force to examine the risks that bitcoin and other cryptocurrencies present to the economy and propose regulatory guidelines that will mitigate these threats. On Monday, economy minister Bruno Le Maire announced that his department had created a cryptocurrency task force that will be chaired by a former central banker. "We want a stable economy: we...

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