Le Maire recalled his intentions to propose a regulation for cryptocurrencies during the annual summit of the G-20, corresponding to 2018. Reason why the French government will ask Argentina to include it in the agenda of the organization. If the Bitcoin regulation was included in the next summit, it would be discussed on January 29 during the Meeting of the Initiative on Data Gaps in Buenos Aires, Argentina.
The position of discussing a regulatory framework for Bitcoin and blockchain technology from the G-20 is also shared by the financial leaders of Italy and Germany, who endorsed the proposal. This is not the first time that Le Maire comments on Bitcoin concerns, as in December 2017 he commented in an interview that another of his concerns is the possibility of hiding "activities such as drug trafficking and [financing for ] terrorism. " Concerns similar to those of multiple governments at this time, but according to a report published by the United Kingdom, it rejects the use of cryptographic currencies as a form of financing of this type of illicit activities.
Topic: France declares war on the cryptocurrencies - page 6. (Read 1107 times)
I'm not surprised by this news. In France, as far as I know, there are always very large taxes, so large companies are running from there to hide their incomes.
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.
This can cause a price drop, but I don’t see this as anything more than a way for the government to collect taxes. They also want to cut down on ransomware attacks that demand Bitcoin as payment. The cryptocurrency environment will survive these regulations just like the internet survives various regulations as well.
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 .
South Korea banned Bitcoins trading because there were a lots of scammers and people who did fraud .. and now they have said that they will resume it but only with verified accounts nothing else.
I do think that , that step was justified and we'll thought and at the end of the day bitcoin trading is going to continue so one shouldn't think that much about it.
On the other hand France is totally being conservative on this topic and that's rather problematic for the price of Bitcoins.
The true behind this, is that the government believed that bitcoin is actually use for or it enhancing drug trafficking, terrorism and money laundering. They failed to remember that transaction using blockchain can actually stop most of the corruption going on due to it transparency. Anyway that's politics, tomorrow they might come up with something different. But I advise investors to continue to hold as bitcoin may one day be acceptable worldwide for exchange from my own perspective
Having a country banned bitcoin can affect negatively to bitcoin though, since people will get the wrong perception and begin to think that bitcoin really is something bad.
Moreover they use the reason like criminal and such, and those people who don't understand may believe and try to badmouth bitcoin as well.
But it may affect more drastic if there are many bitcoin investors in france, and they're forced to sell all their bitcoin and never access it again. And this new regulation may also lead to another banned from others countries, though i hope it won't ever happen.
Moreover they use the reason like criminal and such, and those people who don't understand may believe and try to badmouth bitcoin as well.
But it may affect more drastic if there are many bitcoin investors in france, and they're forced to sell all their bitcoin and never access it again. And this new regulation may also lead to another banned from others countries, though i hope it won't ever happen.
The ban is only for the French people.Even they can use of VPN to hide their location of trading. There may be a huge war between the real money and cryptocurrency. Due to such ban ,the price of bitcoin is now reduced.
At the end of the day what people are doing is dodging taxes and they are reaping all the benefits, they are having their full income, and the government is only making expenses for the public without getting anything from the public. The only way for the governments to get taxes from the government is to regulate crypto.
People are not using crypto for it was intended to be. Terrorism has in fact increased due to the usage of cryptos, so here's where regulation has to be implemented. Though this may violate one's privacy, this is essential for one in the bigger picture if he/she wishes to use crypto for long.
People are not using crypto for it was intended to be. Terrorism has in fact increased due to the usage of cryptos, so here's where regulation has to be implemented. Though this may violate one's privacy, this is essential for one in the bigger picture if he/she wishes to use crypto for long.
Having a country banned bitcoin can affect negatively to bitcoin though, since people will get the wrong perception and begin to think that bitcoin really is something bad.
Moreover they use the reason like criminal and such, and those people who don't understand may believe and try to badmouth bitcoin as well.
But it may affect more drastic if there are many bitcoin investors in france, and they're forced to sell all their bitcoin and never access it again. And this new regulation may also lead to another banned from others countries, though i hope it won't ever happen.
Moreover they use the reason like criminal and such, and those people who don't understand may believe and try to badmouth bitcoin as well.
But it may affect more drastic if there are many bitcoin investors in france, and they're forced to sell all their bitcoin and never access it again. And this new regulation may also lead to another banned from others countries, though i hope it won't ever happen.
Regulation is a good thing for the crypto world.
We ought to support taxing on crypto gains like a capital gains tax as this would mean that governments are recognizing crypto as an asset class.
Countries that have developed financial markets will not ban crypto but they will want to regulate it.
This is a matter of time as crypto market will reach a size that central banks cannot afford to ignore very soon.
We ought to support taxing on crypto gains like a capital gains tax as this would mean that governments are recognizing crypto as an asset class.
Countries that have developed financial markets will not ban crypto but they will want to regulate it.
This is a matter of time as crypto market will reach a size that central banks cannot afford to ignore very soon.
this could be the cause of today's trading chart blues almost all the coins down all the price, but I am sure all this is only temporary, after no more news like this again then all will be back mending again
Yes thats true, and this will make Bitcoun price on huge dump again, I dont have any idea why they were banning Bitcoin since I am just a new worker here, there wa always a part on thid platform that we might be seen, as stated above, maybe in relation which current issues today about terrorism thats why they will banned Bitcoin, another Big country again?
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.
This is one of the statement that caught my attention"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.
"A director at Germany’s central bank said any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community."
The real enemies of cryptocurrencies are the one managing the banks. They wanted to destroy the crypto world for it affects their businesses and they are losing too much investors. This statement, in my opinion, shows how desperate they are to say that it should be globally regulated. Well, good luck to them.
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.
This is one of the statement that caught my attention"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.
"A director at Germany’s central bank said any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community."
The real enemies of cryptocurrencies are the one managing the banks. They wanted to destroy the crypto world for it affects their businesses and they are losing too much investors. This statement, in my opinion, shows how desperate they are to say that it should be globally regulated. Well, good luck to them.
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.
This is one of the statement that caught my attention"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.
"A director at Germany’s central bank said any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community."
The real enemies of cryptocurrencies are the one managing the banks. They wanted to destroy the crypto world for it affects their businesses and they are losing too much investors. This statement, in my opinion, shows how desperate they are to say that it should be globally regulated. Well, good luck to them.
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.
This is one of the statement that caught my attention"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.
"A director at Germany’s central bank said any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community."
The real enemies of cryptocurrencies are the one managing the banks. They wanted to destroy the crypto world for it affects their businesses and they are losing too much investors. This statement, in my opinion, shows how desperate they are to say that it should be globally regulated. Well, good luck to them.
That's true. They'd be irrelevant when it comes to cryptocurrnecies which is why they'd do anything to keep us in line. Its no surprise if they are already trading in exchanges actually but since there is noting that will keep them in control over the numerous tokens being created in blockchain, they are going to be less important to the people still even if they all are going to buy all Bitcoins.
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.
This is one of the statement that caught my attention"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.
"A director at Germany’s central bank said any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community."
The real enemies of cryptocurrencies are the one managing the banks. They wanted to destroy the crypto world for it affects their businesses and they are losing too much investors. This statement, in my opinion, shows how desperate they are to say that it should be globally regulated. Well, good luck to them.
What is the major ordeal on the off chance that they will pronounce war on the digital forms of money since it doesn't make a difference in the event that they announce war on cryptographic forms of money on the grounds that the main thing that issues here is the interest for bitcoin and it appears that the request is still high and I don't feel that digital forms of money will fall due to the war that has been proclaimed by the France.
I don't get the hate on taxes. Eventually we will need to pay taxes for everything. If you move out of cryptos because of the taxes you're losing out on, still, a huge chance to earn money. Paying taxes doesn't mean the government will take ALL your money, just a portion of it. If you have to give $6000 out of your $20000 that's still $14000. It will also protect us since now, it will be audited and cannot be used for terrorism and such.
A lot of countries are now against bitcoin but bitcoin stays on its range and i don't think that bitcoin will go down lower than 10k even though there are things like this. Even france declared war on the cryptocurrencies like bitcoin then it is not enough to totally stop bitcoin because bitcoin is decentralized and it doesn't obey any orders from a country because it is not centralized.
What is wrong with all these nations? First it was China which was trying to ban the Bitcoin trade. Then it was India's turn. And then we heard news from Nepal and Bangladesh, where Bitcoin users were arrested and detained. And when we thought that we had enough, there was a major blow from one of the most significant markets (South Korea). And now France as well...
This is the great problem that cryptocurrency encounter as of now and even in the future. The government did not want to exist this type of asset that violate any rule such as imposing of tax. Cryptocurrency also can be used as storage tool in money laundering and in crime.We might be scared of this event but we must still pray that this would not be the end of crypto since many of us are just starting to cope up with the trend.
As I read the article, I think France has a point on regulating cryptocurrencies but I doubt that this would lead to a total ban because if they want their investors to stop buying cryptocurrencies, they should ban it in the first place and not just regulation.
Yes, it seems like they want to regulate, but whatever plan they are taking, I believe it will only be taking place in France and not worldwide, unless other governments will just decide to follow their lead. But regulate Bitcoin, I don’t really see that as a good idea. By the way, the bank of France governor said that Bitcoin is not a cryptocurrency, neither is it a currency. I wonder what he meant by that.
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