Post
Topic
Board Economics
Re: France declares war on the cryptocurrencies
by
aardvark15
on 27/01/2018, 19:08:11 UTC
I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.



This can cause a price drop, but I don’t see this as anything more than a way for the government to collect taxes. They also want to cut down on ransomware attacks that demand Bitcoin as payment. The cryptocurrency environment will survive these regulations just like the internet survives various regulations as well.