French Minister of the Economy Bruno Le Maire announced on Monday the creation of a mission on cryptocurrencies, LesEchoes.fr reported.
It will be entrusted to Jean-Pierre Landau, former Deputy Governor of the Banque de France.
"We want a stable economy: we reject the risks of speculation and the possible financial diversions linked to Bitcoin (TIKER: BTC.EXANTE)," the Minister told the press.
The mission will be responsible for "proposing guidelines on the development of regulations" and to “better control the development and prevent their use for purposes of tax evasion, money laundering or financing criminal activities or terrorism.”
France has a pretty active Bitcoin community and is home to La Maison du Bitcoin (The Bitcoin House), the company Ledger Wallet’s headquarters, and a plaza called La Cercle du Bitcoin (Bitcoin Boulevard) with over 25 merchants who accept Bitcoin.