Ban Anonymous Cryptocurrencies, Says French National Assembly's Finance Head

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Ban Anonymous Cryptocurrencies, Says French National Assembly's Finance Head
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The French National Assembly's finance head would like to see a ban on bitcoin alternatives focused on privacy and anonymity

) on crypto assets and blockchain technology. The committee's report includes a forward from the committee's president, Éric Woerth. In this introductory portion of the report, Woerth claims it would be appropriate to propose a ban on activity related to cryptocurrencies built with the goal of providing greater levels of 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,” Woerth later adds. “This is the case for a certain number of [cryptocurrencies] whose purpose is to bypass any possibility of identifying the holders. To date, regulation has not gone that far.”

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