Establishment figures supporting blockchain and cryptocurrency innovations is always a welcome sign for the mass adoption of cryptocurrencies. Yesterday, Bruno Le Maire, the French Minister of the Economy confessed his love for the revolutionary technology during a breakfast with entrepreneurs which included representatives of Blockchain Partner, a French blockchain consulting firm.
According to a tweet by Alexandre Stachtchenko, the General Manager of Blockchain Partner, Le Maire expressed his enthusiasm for French blockchain innovation, saying “I was a neophyte a year ago, but now I’m passionate. It took me a year. Let us show a lot of pedagogy with our fellow citizens to make France the first place of blockchain & crypto-active innovation in Europe ”
The meeting covered many blockchain technology issues that had been the topic of public conversation recently. Here are some of the most noteworthy topics discussed during the meeting:
Banks vs. Crypto
Le Maire wants banks and crypto-based businesses to find a middle ground. He thinks that this relationship is particularly important for stabilizing the extremely volatile crypto market. He reminded French banks that if they don’t they don’t support cryptocurrency based businesses, they will lose out their opportunity to capitalize on profits to their foreign counterparts.
Tax on Cryptocurrency
Even though not too certain about the policy, the minister expressed his desire for PFU (Single Lump Sum) taxation. He wishes to deepen the political discussion on tax competitiveness issues in particular.
Initial Coin Offerings
Le Maire expressed his desires to professionalize ICOs and their evaluation, whether by independent rating agencies, the AMF label, or other methods, in order to promote the adoption of the general public in a sustainable and secure way.
The French Minister of the Economy promised to incorporate crypto-based bills in PLF 2019 (Finance bill 2019), which could be a big step for blockchain development and adoption in France. Le Maire also wants to take advantage of the momentum cryptocurrencies have gained to push forth new ideas as constitutional talking points.
Described as a “fierce opponent” of bitcoin just a few months ago, Le Maire has done an abrupt about-face after learning more about blockchain tech’s disruptive potential. At the Numerama forum in mid-March, he assured France that “we will not miss the blockchain revolution!”