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France Wants EU To Adapt Its Crypto Regulations, Keeps 30% Tax


French Finance Minister, Bruno Le Maire, is reportedly persuading other European Union (EU) members to adopt cryptocurrency regulation similar to its own, which was only very recently instituted, according to Reuters.

The new law that is being referred to is one where French lawmakers allowed cryptocurrency operators to run their operations, with the caveat that they apply for a certification that would allow authorities to determine the issuer of a new token or the creators of an exchange, as well as check business plans and AML adherence. The goal is to protect consumers from fraud. Crypto companies will be taxed on their profits.

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