French Finance Minister Bruno Le Maire has called for an EU-wide “common framework” governing cryptocurrencies, according to Reuters.
Elsewhere in his address, Le Maire urged, once more, for a “public digital currency,” without specifying further.
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The EU has yet to legislate on cryptocurrencies, instead leaving regulation to its member states. Exchanges and money transmitters, however, still have to comply with bloc-wide EU anti-money-laundering regulations.
In some cases, companies have to seek approval from local regulators before they can operate across the entire bloc.
Le Maire, for his part, isn’t wholly anti-crypto, and yesterday granted tax-exempt status to users conducting “crypto-to-crypto” trades that aren’t realized into fiat.