Several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts. The order is pursuant to Article 203 of France’s PACTE law, which stands for the Action Plan for Business Growth and Transformation.
Major global authorities and organisations like the Financial Action Task Force, the G7, and the G20 have called for measures to prevent illicit activity using crypto. As such, the French government is preparing to introduce new regulatory provisions to apply new digital identification tools for crypto transactions and virtual asset service providers.
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