France will make Europe a leader in the global digital economy

The G20 summit in Buenos Aires last week was attended by many more people than usual. The thing is that this time the key issue at the meeting of representatives of banks and finance ministers was the issue of regulation of cryptocurrencies.

At the summit, it was decided to develop a set of proposals for cryptocurrency regulation by July of this year, but the head of the French Ministry of Finance, Bruno Le Maire, said that France will begin to develop regulatory standards earlier.

Although Bruno Le Maire agrees that cryptocurrencies can be operated for illegal purposes, he said: “France stands for distributed ledger technology and believes that digital currencies can be extremely interesting for everyone, but it is necessary to establish clear rules that will regulate them.” 

That is why the chairman of the French Ministry of Finance noted that France will begin to develop regulations for cryptocurrencies earlier than others to help Europe become a leader in the global digital economy.

The official also believes that all problems with the illegal use of digital currencies will be resolved as soon as they begin to be regulated. Moreover, Bruno Le Maire believes that Central Banks will issue their own cryptocurrencies in the future, reports Criptomoedas Fácil in his report.

In early January of this year, a task force was also created in France, led by the former head of the Central Bank, Jean-Pierre Landau. The department studies all issues about cryptocurrencies and develops regulations for their regulation.