France


France
Experimenting with blockchain

Not permitted

  • In March 2018, the Bank of France banned crypto investment companies until proper regulations are established and more research has been made on the innovative currency to address tax evasion and terrorism funding. 
  • In an issued report, the bank evinces cryptocurrencies as an inclination for money laundering, cyber attacks, and criminal enterprises.  
  • Nevertheless, the French government allows financial institutions and Fintech (financial technology, describing an emerging financial sector of our century) companies to trade securities with help of blockchain platforms in ordert to compete with other tech companies in London and Germany.
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