Infotech

Terrorist financing: government wants to strengthen crypto oversight



Posted on Oct 20, 2020 at 12:18 PMUpdated Oct 20, 2020 2:38 PM

The government plans to strengthen cryptocurrency oversight, and the entire industry sees it as an opportunistic regulatory escalation. Cryptos “Have no physical existence”, and “Pose a real problem of terrorist financing, I have been saying this for years”, said Bruno Le Maire after the assassination of Samuel Paty by an Islamist terrorist.

We must strengthen our surveillance systems in the face of terrorist financing, hammered the Minister of the Economy. For example, cryptocurrencies must be more supervised. With Olivier Dussopt [le ministre délégué aux Comptes publics], we will make proposals in this direction within the framework of the bill on separatism ”. Crypto coupons available in some tobacco shops are in the crosshairs of the authorities. On September 29, the National Anti-Terrorism Prosecutor’s Office took 29 people into custody as part of an investigation into a Syrian terrorist financing network. He is suspected of having used cryptocurrency coupons bought in tobacconists. These coupons are limited to a maximum amount of 250 euros. You have to provide your identity to receive them, but the accused may have succeeded in cheating the controls or exploiting loopholes.

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