France’s Finance Minister, Bruno Le Maire, called blockchain technology a “game changer” at the Paris Blockchain Week conference, Phys.org reported today. During his remarks, Le Maire noted the technology’s benefit as a tool to prevent banking institutions from monopolizing financial transactions:
"Thanks to blockchain protocols users have the possibility of creating and running their own networks for money transfers, trade and services without intermediation from any platform.”
The Minister also highlighted his country’s efforts to address initial coin offerings, noting that officials had created accounting, legal, and fiscal structures to address that fundraising mechanism. He also confirmed that he will ask other EU nations to consider a Europe-wide framework for regulation similar to the steps France is taking.
In other news at the conference, AMF chairman Robert Ophele said that his country will soon authorize ICOs, predicting that regulators could be ready to “receive the first dossiers and deliver the first permits” by September.