France Inches Closer to Bitcoin Regulation

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The French Senate has released a new report focusing on the type of regulation the government should apply on bitcoin transactions.

Titled ‘Regulation in the face of innovation: public authorities and the development of virtual currencies’, the report follows a meeting of the committee of finance on 23rd July and is based on communication between committee president Philippe Marini and Senate member Francois Marc.

It was inspired by a joint meeting held by the Senate, Treasury, customs, the Banque de France, TracFin (which deals with money laundering issues) and bitcoin specialists in January this year.

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