Post
Topic
Board Economics
Re: France declares war on the cryptocurrencies
by
raven7886
on 03/02/2018, 17:21:36 UTC
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.

Two explanations:

1) they are scared and try to destroy cryptomarket

2) the want to profit, so they manipulate the market to make price fall to buy cheap.

We'll see.
Still some countries within the SEPA zone are not willing to agree with France and Germany about these over-the-top regulations: let's see how the G20 summit goes, but UK, Ireland, Cyprus, Malta all share a different vision. There won't be a consensus we can be sure about that. Too much money involved.
It’s seems like we are not understanding this. I don’t think this is in a way to stop or ban Bitcoin… despite their central bank governor once said that Bitcoin is no cryptocurrency and neither is it a national currency.

I believe what the France government is trying to do is find a way of preventing those who use cryptocurrencies as a way to dodge paying their taxes, and also to find a way of stopping those that uses Bitcoin as a way to carry out some criminal activities. So, I don’t believe they are trying to ban Bitcoin, cause they never mentioned anything like banning.