France Approves New Cryptocurrency Measures to Fight Anonymous Transactions
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says the changes are necessary to fight against terrorism financing.
France Tightens Crypto Surveillance
France’s Council of Ministers endorsed an ordinance containing a series of measures to tighten the surveillance of cryptocurrency activities last week. The ordinance, which will enter into force in six months, was submitted by the French Minister of Finance, Bruno Le Maire, along with ministers Sébastien Lecornu and Olivier Dussopt.