Published on July 10th, 2018 | by bitcoin0
The government researcher says “Darwin” choice for Dominic cryptocanes
Jean-Pierre Landau In January 2018, Jean-Pierre Landau was assigned on a mission by the French Minister of Economy and Finance to investigate and propose some orientations on the evolution of cryptocurrencies’ regulations.
One of the main targets for this mission was also to fight against utilization of cryptocurrencies such as Bitcoin for tax evasion, money laundering or funding of criminal and terrorists’ activities.
The Frenchman says too many regulations imposed on cryptocurrencies could bring innovators to avoid regulations and freezing a technology in evolution into legislation.
The said [decentralized management] of cryptocurrencies imposes a very heavy, long and costly validation procedure – often deliberately costly, like it is the case with Bitcoin.
“Regulating Crypto is Unnecessary and Unwanted”
It is both unwanted and unnecessary to directly regulate cryptocurrencies, Landau wrote.