French Finance Minister Bruno Le Maire Says Cryptocurrencies Are Used For Money Laundering
French Finance Minister Bruno Le Maire Says Cryptocurrencies Are Used For Money Laundering
October 21, 2020
French Finance Minister Bruno Le Maire Says Cryptocurrencies Are Used For Money Laundering
French Finance Minister Bruno Le Maire Says Cryptocurrencies Are Used For Money Laundering
October 21, 2020

Bruno Le Maire, the Finance Minister of France, has said that some cryptocurrencies are associated with purchasing drugs and weapons in addition to being used for money laundering.

It has been reported that Le Maire, who once said Facebook’s Libra token would risk the “monetary sovereignty of states,” is continuing his criticism of cryptocurrencies.

However, he posted on Twitter that he does not “question the reliability and traceability of all blockchain technology.”

Le Maire was responding to Cyril Paglino, a General Partner in crypto fund Starchain Capital, who said blockchain transactions had “no interest in terrorists.”

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Thus, Paglino referenced the recent FinCEN leak, which showed that many banks were in fact enabling money laundering.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.