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Topic: France prohibits creation, sale and use of any digital currency without banking (Read 1133 times)

full member
Activity: 238
Merit: 100
Quoted form a well informed gentleman at Reddit:

Quote from: davout-bc (at Reddit)
Well, apparently I'm the only one here that has bothered clicking on the link and actually read instead of hurr'durring.
The OP is misinformed, the words "Monnaie électronique" have a precise definition. Electronic money in the context of European and French regulations means "a transferrable claim on the issuer, expressed in fiat.
Bitcoin is not electronic money as it is legally defined in Europe and France. It is absolutely not in the scope of this article. Which country would be moronic enough to try and forbid Bitcoin ? The Streisand effect would be massive.
OP should inform him/herself about the differences between : * Etablissement de paiement * Etablissement de monnaie électronique * Etablissement de crédit
Don't hesitate if you have any questions.

So, no worries. Bitcoin is NOT forbidden at all. Happy mining Smiley
legendary
Activity: 1176
Merit: 1011
Quoted form a well informed gentleman at Reddit:

Quote from: davout-bc (at Reddit)
Well, apparently I'm the only one here that has bothered clicking on the link and actually read instead of hurr'durring.
The OP is misinformed, the words "Monnaie électronique" have a precise definition. Electronic money in the context of European and French regulations means "a transferrable claim on the issuer, expressed in fiat.
Bitcoin is not electronic money as it is legally defined in Europe and France. It is absolutely not in the scope of this article. Which country would be moronic enough to try and forbid Bitcoin ? The Streisand effect would be massive.
OP should inform him/herself about the differences between : * Etablissement de paiement * Etablissement de monnaie électronique * Etablissement de crédit
Don't hesitate if you have any questions.

So, no worries. Bitcoin is NOT forbidden at all. Happy mining Smiley
hero member
Activity: 504
Merit: 500
How do you interpret this ?
Is only Ripple prohibited in France or Bitcoin and other alt-coins also ?
http://www.reddit.com/r/Bitcoin/comments/1e9bq2/france_prohibits_creation_sale_and_use_of_any/
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