France is thinking about regulating Bitcoin

The Minister of the Economy, Bruno Lemaire, announced Monday having instructed Jean-Pierre Landau, former Deputy Governor of the Bank of France, a mission on the regulation of cryptocurrencies. What foreshadow a framing much more drastic than it is today.
Faced with the rise of cryptocurrencies, the government seized the subject. In his greetings to the press, Bruno Lemaire announced Monday to have "entrusted Jean-Pierre Landau, former Deputy Governor of the Bank of France, a mission on cryptocurrencies." On the program: "offer guidance on the Regulatory developments "in order to" better control development (cryptocurrencies) and prevent their use for the purposes of tax evasion, money laundering or the financing of criminal activities or terrorism ".

As recalled by Les Echos, Jean-Pierre Landau has long studied the evolution of cryptocurrencies and was illustrated two years ago by a Financial Times column in which he drew a parallel between Bitcoin and tulips , which had been the subject of a speculative madness ... in the 17th century! "Bitcoins are the tulips of modern times," he wrote then. Bitcoin madness is not over yet. But the longer it lasts, the more investors take risks. "And explained the reasons for his reluctance about the most famous cryptocurrency:" the rapid increase in the value of Bitcoin prevents it from becoming a bargaining chip. Someone who expects the money to be worth more tomorrow will not spend it today. "

He was then a fervent defender of traditional currencies. "A good currency must retain its value in the long run. It must also be quickly exchangeable for goods and services that people really want. "Before defending the banking system and the safeguards that countries have put in place to avoid speculation on national currencies, as central banks. A position that could well call into question the freedom of action currently enjoyed by companies that have embarked on the very buoyant niche of cryptocurrencies. The story does not say what Nabilla thinks.