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France | Financial Watchdogs | Cryptocurrencies | Ban | privacy token

Eric Woerth, the head of the Finance Committee of France’s National Assembly suggests a ban on anonymous cryptocurrencies or so-called privacy coins. This assertion of Woerth was disclosed in a recent report on crypto assets and blockchain technology.

The report quotes that Woerth considers the introduction of a ban on digital currencies that provide greater anonymity to users:

“It would also have been appropriate to propose a ban on the dissemination and trade in [cryptocurrencies built] to ensure complete anonymity by preventing any identification procedure by design. […] This is the case for a certain number of [cryptocurrencies] (Monero, PIVX, DeepOnion, Zcash…) whose purpose is to bypass any possibility of identifying the holders. To date, regulation has not gone that far.”

Woerth also w...

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