A French regulator calls for banning anonymous cryptocurrencies

9 May 2019

The head of the finance committee of the French Parliament suggested a change in regulation that would introduce a ban on privacy oriented cryptocurrencies. Only a few cryptocurrencies are oriented solely towards the privacy and anonymity of its users. The most prominent ones like Monero, ZCash, and PIVX are promise full online anonymity for their users.

A similar ban was suggested in Japan earlier this year. Anonymous cryptocurrencies are used for payments throughout Dark Web shops.

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The digital currencies story is a continuation of the long-running saga of economics, markets, and commodity exchange in human society. With the constant rise of the global network, we have witnessed many global services becoming widely accepted and in a way changing (by adding to) our experience of mutual interaction.

 

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