France sees blockchain as anti-monopoly weapon in digital world
Abs-cbn.com - Tue 16 Apr 01:25 GMT

France had already put in place legal, fiscal and accounting structures to manage fundraising in digital currencies as a pillar of the blockchain economy.

France sees blockchain as anti-monopoly weapon in digital world

  PARIS -- France is pushing blockchain technology as a means of preventing finance giants enjoying a monopoly on transactions, Finance Minister Bruno Le Maire said Monday.

  "Blockchain protocols are a game changer," Le Maire said at "Paris Blockchain week," a flagship symposium attended by experts in the technology which originally came to prominence as the digital infrastructure for cryptocurrency bitcoin.

  France had already put in place legal, fiscal and accounting structures to manage fundraising in digital currencies as a pillar of the blockchain economy, he said.

  Paris earlier this year drew up a roadmap to regulate and implement investment in the blockchain ecosystem with a view to becoming a global leader in the technology.

  The chairman of France's financial markets' regulator (AMF), Robert Ophele, meanwhile told the conference Paris will shortly allow fundraising for digital currency offerings after drawing up a legal framework for coin offerings, a means for firms to raise money by offering digital coins or tokens to the public.