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FRANCE SHOULD RECOGNIZE DAOs AND NFTs IN ITS LEGAL SYSTEM: LAWMAKER SAID

FRANCE SHOULD RECOGNIZE DAOs AND NFTs IN ITS LEGAL SYSTEM: LAWMAKER SAID

Pierre Person, an outgoing member of the National Assembly who wrote the history and excellent 2018 report on crypto regulation, now says banks should be fined if they refuse to serve crypto customers, and lift the ban on crypto mines based on fossil fuels.


"The European Union has not implemented a clear strategy for crypto-assets," said Person, who opposed the bloc and the order of the recent US President Joe Biden, and China's ban on crypto-assets as it seeks to control. great upon his people.


"The European Union is skeptical, misleading, trying without much confidence," he said. "Europe's position is more protective than taking drastic measures against new challenges."


That follows a tumultuous month that saw almost proof of bitcoin style technology of the technology completely banned, lawmakers threatened a new identity card transaction of unauthorized holdings, and crypto markets rejected by European Central Bank officials as the "Wild West" and "system". -Ponzi. ”


In 2018, Person, a member of President Emmanuel Macron's ruling party, drafted a report adopted by the French lower house that called for a reduction in crypto tax laws, as well as improved regulation of the first popular cash donations (ICOs). ).


DeFi

Now, you feel like the world is moving forward.


"By 2018, no one could have foreseen the progress in the sector that only allows us to see beyond the simple promises of often shaky projects," he said, demanding "emergence of a paradigm" to give the DAOs - developmental structures. extended finance applications (DeFi) - legal recognition and other business entities, and provides a new legal framework for NFTs.



Traditional banks should stop seeking to "criticize and block" DeFi rivals, and crypto miners should be encouraged to use renewable energy as the bloc seeks to reduce carbon emissions, he said - a proposal that appears to be in line with the latest controversial measures taken in the province. of New York.


Some in France hope the country can become a crypto hub, and Binance exchange is already registered there. With the advent of legal elections, Man himself will not be a lawyer for more than a few weeks, but his message to his successors is clear.


"Political will is the most valuable thing," he said. “At the time of writing, the evidence is simple. We are short. ”

Source: yahoo




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