Topic: France declares war on the cryptocurrencies - page 4. (Read 1107 times)
They just want the money! The fact that there is a thriving piece of society in an age where everybody is impoverished by their criminal high treason policies is unbearable for them. Cryptocurrencies could save the day in a totally corrupted and rotten mainstream financial system, and THEY DON'T WANT THIS. Why? They don't even know why the don't want. They are just obeying to the orders of their pupeteers, for they in reality decide nothing, they are just butlers of the really powerful. And the really powerful told them to go and get that f**cking decentralized money.
I read on news that
"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
then who cares?hows the important of france in this community for us to be bother?big countries are issuing banned about crypto do they succeed to stop this?so stop being weak guys,crypto can stand those countries that declaring war about us.."The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
It's not such a war, it's probably a way to legalize bitcoin.
French Minister of Economy Bruno Le Meir announced the creation of a working group to develop rules for crypto-currency regulation.
French Minister of Economy Bruno Le Meir announced the creation of a working group to develop rules for crypto-currency regulation.
Guess so mate,maybe misinterpreted by the OP,or maybe hes just a weak that easily be affected oevery negative news about this forum
Yes, countries such as France committing to a "fight" against crypto-currencies is a big deal.
Being aware of it is the first step for better decisions in the future.
Ignoring it as it does not happen is silly.
Some facts (not related to France):
-Visa locks down bitcoin payment cards
-Mastercard issued by WaveCrest locked down as well (see Advcash, Payeer there are threads about it here)
-JPMorgan Chase & Co halting purchases of bitcoin
France will take a number of restrictive measures very soon (I am from there, everyone is expecting it would be naive to think otherwise). Germany will do the same thing, they are like brothers.
I am not saying crypto-currencies will be dead soon, but 2018 will be a year of transition, massive regulations. Knowing about it before you decide to buy/sell is better than keeping your eyes closed and say "don't be weak dawg, everything is gonna be alright."
My 2 cents.
Nowadays,Bitcoin as a cryptocurrency is growing very rapidly as well as other altcoins, the development of cryptocurrencies as a whole has a positive and negative impact on crypto holders or investors, especially to the state governments in different parts of the world.
It is natural for the state government to have a concern for the interests of its people who are involved in the world of cryptocurrency,because basically cryptocurrency is based on a decentralized system where there is no government or central bank intervention in the world.
Although the popularity of bitcoin is very high, the development of cryptocurrency is very good, there are still many rejections that occur from state governments in various parts of the world to cryptocurrency such as France and some other countries that also reject and prohibit the use of crypto currency.
In my opinion, perhaps the government of the country needs a deeper review of the use of cryptocurrency in their country as well as establishing a fixed regulation about the cryptocurrency policy for their people and investors in the country.
It is natural for the state government to have a concern for the interests of its people who are involved in the world of cryptocurrency,because basically cryptocurrency is based on a decentralized system where there is no government or central bank intervention in the world.
Although the popularity of bitcoin is very high, the development of cryptocurrency is very good, there are still many rejections that occur from state governments in various parts of the world to cryptocurrency such as France and some other countries that also reject and prohibit the use of crypto currency.
In my opinion, perhaps the government of the country needs a deeper review of the use of cryptocurrency in their country as well as establishing a fixed regulation about the cryptocurrency policy for their people and investors in the country.
the french minister is doing this because he is a mascot. Those that want to scam the state will do it with or without crypto, drug traffic, arms dealers, human traffic, will all go on as they have done until now, without crypto. If he want's to protect the citizens against those things a war on crypto isn't the way.
It seems that French government's FUD has the least impact on cryptocurrency. Certain countries' FUD just evaporates in the air. Reviewing news that have the biggest impact on the market might tell us something.
I read on news that
"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
Almost every month, new countries have been regulating cryptocurrencies. They are suppressing cryptocurrencies the way they wanted. It has been rocking down the market chart nowadays. If these things go on, it will really greatly affect the crypto world. Coins won't recover and I am afraid, they will dissappear.
I read on news that
"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
then who cares?hows the important of france in this community for us to be bother?big countries are issuing banned about crypto do they succeed to stop this?so stop being weak guys,crypto can stand those countries that declaring war about us.."The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
It's not such a war, it's probably a way to legalize bitcoin.
French Minister of Economy Bruno Le Meir announced the creation of a working group to develop rules for crypto-currency regulation.
French Minister of Economy Bruno Le Meir announced the creation of a working group to develop rules for crypto-currency regulation.
Guess so mate,maybe misinterpreted by the OP,or maybe hes just a weak that easily be affected oevery negative news about this forum
It's not such a war, it's probably a way to legalize bitcoin.
French Minister of Economy Bruno Le Meir announced the creation of a working group to develop rules for crypto-currency regulation.
French Minister of Economy Bruno Le Meir announced the creation of a working group to develop rules for crypto-currency regulation.
this is not new and some other countries will follow it started in china, but this dips are just temporary, once more countries settled for it, the price of bitcoin will skyrocket, nit even china can stop it long before, so what else can a country do smaller than china? lets just be positive ok 
The news has effect on only French traders. The whales and global traders will not give a shit to this news.
But the old world wants to start a war against crypto money. The banks and politics have been giving speeches about this war since 2 months. 2018 will be the financial war year between crypto world and the real world.
This year has been a big and tough test for the crypto world as more and more countries are fighting with crypto, but I'm sure crypto will get stronger and will dominate the financial system. But the old world wants to start a war against crypto money. The banks and politics have been giving speeches about this war since 2 months. 2018 will be the financial war year between crypto world and the real world.
This might be the cause of dropping its value , i also read about the banning of bitcoin ni korea particular in south korea if im not mistaken , the only thing that bothers me is that why they are banning this such thing wherein i cant see any illegal here that can make their economy to fluctuate .
The phenomenon that happened in South Korea reflects the current situation of France, meaning, they will be strict in terms of its transactions due to possible abuse of its nature. Similarly, both countries see bitcoin as something that can be potentially abused by individuals in order to avoid paying taxes (which depends on the laws per country regarding its imposition of tax in cryptocurrencies, if any), to use its anonymity factor for illegal transactions or for money laundering.
Any country that tries to stop innovation will have a much harder time ahead that those who embrace change and are able to create an ecosystem for their economy to grow.
I very much agree on this!
It will be the loss to France if they will make that order effective.
In the first place, there is nothing wrong with bitcoin or any crypto currencies. It actually offers opportunity for its people but it is very obvious. That they don't want to bite for their future success.
Every innovative idea has its implications in the system when implementing it. While bitcoin may be considered as a 'threat' to their country, we cannot hide the fact that cryptocurrencies may inevitably replace fiat in the future. We must also consider that there are still countries who are under-developed and are still miles-away from adapting to a digitalized form of currency but you guys are right. In order to progress further, these countries must embrace change and start making platforms that support this ideology.
I think France is just like other countries banning crypto for the reason that they can't benefit from here if they dont have controlled with it. Though we can't lift any possibilities that cryptocurrencies are now used for crimes because of untraceable and anonymity, still be in consideration also. But mostly the reason of banning is due to uncontrolled events in crypto by the governments.
Any country that tries to stop innovation will have a much harder time ahead that those who embrace change and are able to create an ecosystem for their economy to grow.
I very much agree on this!
It will be the loss to France if they will make that order effective.
In the first place, there is nothing wrong with bitcoin or any crypto currencies. It actually offers opportunity for its people but it is very obvious. That they don't want to bite for their future success.
Any country that tries to stop innovation will have a much harder time ahead that those who embrace change and are able to create an ecosystem for their economy to grow.
I read on news that
"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
Just an additional government that wants to regulate cryptocurrency. I think they will have no impact on the bitcoin community. For me the top 3 game changer country for bitcoin is US, Japan and South Korea. That is why when South Korea implement the regulation on their crypto exchanges it creates chaos to their citizens who are holding bitcoin."The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
Regulators have already woken up. And crypto-currencies in general are attracting far more flak from regulators. This week America’s Securities and Exchange Commission halted an ICO by AriseBank; and regulators in South Korea cracked down on allegedly illegal foreign-exchange dealscarried out using crypto-currencies. Even Facebook this week announced a ban on ads promoting ICOs and crypto-currencies (although Mark Zuckerberg has
expressed an interest in digital currencies).
I read on news that
"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
Just an additional government that wants to regulate cryptocurrency. I think they will have no impact on the bitcoin community. For me the top 3 game changer country for bitcoin is US, Japan and South Korea. That is why when South Korea implement the regulation on their crypto exchanges it creates chaos to their citizens who are holding bitcoin. "The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?
Would like to get some idea about this.
What we can certainly assure you is that this new scenario has made Bitcoin especially sensitive to changes in the market, sanctions have caused many investors to migrate to other futures markets and abandon the idea of continuing with bitcoin, although there are more who wait to reach an agreement, since the characteristics of the currency itself favor everyone equally, including those belonging to governments, France has been the most insistent in Europe in the prohibition, why?
-500 EUR of charges every month (immediately deducted)
-additional (circa) 2000 EUR a year
> (500 * 12) + 2000 = total of circa 8000 EUR of yearly taxes for a monthly salary of 2000 EUR.
For someone earning 3000 EUR to 5000 EUR a month, this is even worse.
Yes that's correct, the government tries his very best to take the most they can from workers in order to pay for the public debt (which will never be paid in full anyway). Add to that massive privileges given to politicians, senators, etc. this needs to be paid by the average workers too.
How come anyone can even imagine that such a country will support a concept that allows to "hide" money in a crypto-currency wallet?
Investments, activities related to digital money will be highly taxed and very monitored in France, very soon and that does not come as a surprise to me.
What we can certainly assure you is that this new scenario has made Bitcoin especially sensitive to changes in the market, sanctions have caused many investors to migrate to other futures markets and abandon the idea of continuing with bitcoin, although there are more who wait to reach an agreement, since the characteristics of the currency itself favor everyone equally, including those belonging to governments, France has been the most insistent in Europe in the prohibition, why?
Because in contrary to what you think about Macron, France is still a tax hell and Crypto is a good way to escape from this hell.
Do you know how many millionaires are escaping from the country every year ?
What we can certainly assure you is that this new scenario has made Bitcoin especially sensitive to changes in the market, sanctions have caused many investors to migrate to other futures markets and abandon the idea of continuing with bitcoin, although there are more who wait to reach an agreement, since the characteristics of the currency itself favor everyone equally, including those belonging to governments, France has been the most insistent in Europe in the prohibition, why?
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Still some countries within the SEPA zone are not willing to agree with France and Germany about these over-the-top regulations: let's see how the G20 summit goes, but UK, Ireland, Cyprus, Malta all share a different vision. There won't be a consensus we can be sure about that. Too much money involved. Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
I believe what the France government is trying to do is find a way of preventing those who use cryptocurrencies as a way to dodge paying their taxes, and also to find a way of stopping those that uses Bitcoin as a way to carry out some criminal activities. So, I don’t believe they are trying to ban Bitcoin, cause they never mentioned anything like banning.
This will make bitcoin much less attractive than before.
I can even picture the following: French residents allowed to buy/sell only from exchange platforms owning a license in France. This is exactly what happened to sports betting companies back in 2010.
Fully agree with you, and I would add that these platform will ask for proofs of identity and address (KYC) to each customer to be sure everyone pays taxes related to cryptocurrencies benefits.
France won't ban bitcoin, but the government will make sure every benefit is properly taxed. French government named a former bank director to elaborate new laws of regulation for bitcoin. As banks don't like bitcoin we can be sure this regulation will be drastic.
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