Banque de France: only 3 ways to regulate cryptocurrencies
Denis Beau is a first deputy governor of the Banque de France. He spoke in London, that he knows how to solve the problem with the regulation of cryptocurrencies. The European System of Central Banks (ESCB) have only three ways:
Ignore. In this case the risks will increase.
Deny. It is quite difficult, since cryptocurrencies are widespread.
Regulate. The circulation of digital currencies should work with uniform rule in Europe.
This will avoid the collapse of the traditional cross-border inter-bank payments system. Modern technological innovations will not interfere with its work. Therefore, it is worth returning to the development of uniform regulation rules.
We also wrote that Central bank of France counts that Facebook social media cryptocurrency must have a license. You may read this news to.