🏰 France to ask EU partners to adopt its cryptocurrency regulation
French Finance Minister Bruno Le Maire is pushing for greater Euopean adoption of France's new crypto laws through the EU. The crypto regulation, the first major framework to be adopted by a major country, issues certificates for the crypto industry with twin goals of oversight and nabbing tax payments. Although not set in stone, the regulations ask who is behind crypto issuances, what business model is being used, and checks anti-money laundering (AML) rules. By becoming the first nation to set up a framework, France hopes to become a crypto-economy hub.
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