Banque de France

France’s Central Bank: Keep Financial Institutions Out of Crypto

France’s central bank wants to keep banks and other financial institutions out of the cryptocurrency business. In a report published at the beginning of March, the Bank of France proposes to ban insurance companies, banks and trust companies from “taking part in deposits and loans in crypto-assets.” It also advocates prohibiting all Marketing of “crypto-asset” savings products to the public, save for the “most informed Investors.” The report, which provides an overview of the technology and suggests strict regulatory provisions, [...]