French Finance Minister throws shade at crypto, praises blockchain

Regulation

French Finance Minister Bruno Le Maire, who once said Facebook’s Libra token would risk the “monetary sovereignty of states,” is continuing his criticism of cryptocurrencies.

In an Oct. 19 tweet, Le Maire claimed some cryptocurrencies are associated with purchasing drugs and weapons in addition to being used for money laundering. However, he also wrote that he does not “question the reliability and traceability of all blockchain technology.” 

Le Maire was responding to Cyril Paglino, a general partner in crypto fund Starchain Capital, who said blockchain transactions had “no interest in terrorists.” Paglino referenced the recent FinCEN leak, which showed that many banks were in fact enabling money laundering.

This story is developing and will be updated.

Products You May Like

Articles You May Like

Report: ICOs left retail investors in the dark
Data shows Bitcoin price drops days after BTC futures open interest hits $1B
Who watches the watchmen? Crypto may not be as trustless as it seems
How I Would Invest $1000 in Cryptocurrency in DECEMBER 2020! Top 5 Altcoins For HUGE GAIN POTENTIAL!
Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi

Leave a Reply

Your email address will not be published. Required fields are marked *