France moves to ban anonymous crypto accounts to prevent money laundering
French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing, according to cointelegraph.com.
On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts.
In the document, the ministries have admitted that digital assets or cryptocurrencies provide “significant opportunities for the economy,” noting that the French government is fully aware of its importance.
“The government wishes to promote the development of crypto assets under the best conditions of security and attractiveness.”
As such, the French government is preparing to introduce new regulatory provisions in order to apply new digital identification tools for crypto transactions and virtual asset service providers.
“This request, which emanates from actors in the ecosystem, will make it possible to fight against anonymous transactions in digital assets while facilitating user identification,” the document reads.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
