On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of France’s businesses and the country’s employee savings.The amendment was suggested by members of France’s new social liberal party La Republique En Marche (LREM) on September 21, 2018. Should the amendment pass, it would allow the French government to adopt the recommendations of what’s known as the Landau report, a proponent of New York’s BitLicense. Llew Claasen is the executive director of the Bitcoin Foundation. Speaking with Bitcoin Magazine, he states that the amendment is wrong for France and will leave the country behind when it comes to technological advancement in the blockchain and crypto space. “The amendment seeks to introduce a licensing requirement for any provider of digital asset services, with digital assets being very widely defined to include any crypto asset that would not already be regulated as a financial instrument, including for non-financial use cases,” he explains. “The licensing regime described is arbitrary and far-reaching, offering no certainty around how the regulator will determine what would be needed to get a license, keep a license or even how long it would take to get a license. Additionally, the summary suggests than an important reason for the cr... For Further Information Click on Below Button