• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
NewsBTC_Front Natonal Bitcoin
Nexo Logo

Front National Seeks Bitcoin Ban in France

newsbtc by newsbtc
6 years ago
in Bitcoin
Reading Time: 2 mins read
Advertisement

It is up to the Front National party in France; Bitcoin should be banned immediately. The political party sees any form of virtual money as a serious threat, and they want to protect the “real economy” in the country first and foremost.

Bitcoin has been attracting a lot of attention from governments and politicians around the world. However, except Russia, hardly any country wants to ban Bitcoin altogether. Most central banks have issued a warning about getting involved in assets that are not backed by banks or governments, though.

Attempt To Ban Bitcoin By Front National

Front National, a political party in France, is taking a rather aggressive stance towards virtual currency. The members of this party feel the “real economy’ should be protected above anything else. Moreover, they feel the Euro needs the support of the entire Eurozone in these dire times of a looming Brexit.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Front National Member of Parliament Bernard Monot told the media:

“Virtual and cryptocurrencies are a result of capitalism running on its last legs. Negative interest rates are becoming more common throughout the entire Eurozone. Overthrowing the financial ecosystem is not the right way forward. Cryptocurrencies are an incentive for consumers to empty their bank accounts out of fear for negative interest rates.”

Other people may see the democratic value of Bitcoin and consorts as they prevent citizens from being held hostage by banks. That being said, Monot strongly feels Bitcoin and other cryptocurrencies are a scam, and how consumers need to distinguish between electronic money and virtual currencies.

These conflicting thoughts have spurred debate among Front National members, as they propose a law to ban virtual and cryptocurrencies in France. Moreover, they want to create a new governmental body within the European Union to oversee no one is using Bitcoin or other virtual currencies.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

“The Euro needs to be the only legal form of money in France and other European countries. Prohibiting consumers from buying and selling Bitcoin is possible, but they can buy it internationally if they want to. We would rather see the French Franc reinstated, at a parity level with the Euro.”

Despite what the Front National members may think, banning Bitcoin is impossible and a futile effort. The popular cryptocurrency is not limited by rules and being “allowed” to be used. That being said, the political party will unveil a detailed economic programme on July 29, most which will talk about Bitcoin and cryptocurrency.

Source: Le Figaro

Header image courtesy of Front National

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: bitcoincryptocurrencyFront NationalNews
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin price

Why Bitcoin At $100K Is Just A “Matter Of Time”, Says Bloomberg Intelligence

6 hours ago
Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently

Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently

9 hours ago
bitcoin

Market Sentiment Holds Steady As Bitcoin Aims For $24,000

11 hours ago
Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

2 days ago
Bitcoin Bull

Bitcoin Bullish Signal: Whale Exchange Inflows Remain Down

2 days ago
Bitcoin

Bitcoin Whales Turn Bearish?, What’s In Store For BTC Over The Weekend

3 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

The Next Bullish Wave in Crypto Could Generate Huge Profits for Uniglo (GLO), Fantom (FTM), and Optimism (OP)

August 8, 2022

The FishVerse Announces the First Ultimate Fishing Metaverse

August 8, 2022

Bware Labs announces the Blast Incentivized Testnet, code-named Houston

August 8, 2022

MEXC to List AURA Network, Supporting NFTs Adoption for More Possibilities

August 8, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.