The French finance minister is changing his mind about digital currencies

In an interview on Numerama on Monday, March 19, French Finance Minister Bruno Le Mer said France would not miss this technological revolution. After fierce opposition to Pitcone just a few weeks ago, Bruno Le Mer seems to have changed his mind about digital currencies. "We will not die of the Bolshevik revolution," he said. He added:
"The revolution is under way, and the biotech is the leader. The technology will provide new opportunities for our emerging companies, for example through primary digital currencies and active digital currency traders. And is the establishment of a reliable network without intermediary, so as to increase the possibility of tracking transactions, and in general, to make the economy more efficient "
"The French government will propose a legislative framework that will allow companies initiating initial currency support to prove their seriousness to potential investors," he said.

Bercy adds that this should be in the form of a visa issued by the donors of the Autorité des marchés AMF. Clarify the right to attract innovation, and identify risks without disrupting our ecosystem according to our approach. With regard to digital currencies such as Betquin or Ethereal, the Minister did not say more about them but less negative than his previous comments.
"Should we see it as just a speculative product? What are the future guarantees for the security and protection of savers? How can we ensure that these new tools are not used to launder or fund criminal activities? "

He emphasized the information task in progress and would have to answer these questions in order to propose an effective legal framework. "All proposals are welcome," he said. He compared this with his earlier statements in early February, when he did not hesitate to stress that Betquin was linked to the financing of terrorism (against the advice of all experts).

It is still too early to say that the government is turning to the digital world, especially in the absence of a tax component. Bruno Le Mer did not mention this in his comments. However, if France becomes an attractive country for investors in digital currencies, they should benefit from taxes at least with capital income (currently 30%). At present, savers can be taxed up to 66.2% of their capital gains. The La Chaintech Association, which has been advocating for the actors of the plocin technology, recently met with the Directorate of Tax Services. According to them, they seem to be "aware of the weaknesses of the current system and were listening to our proposals."