Jean-Pierre Landau, former BOF Deputy Governor, now responsible for crypto regulations in France

Bruno Le Maire, French Minister of Economy, has decided to work on the cryptocurrency issue actively. Bitnewstoday already told what he is going to do at the upcoming G20 summit, and now he has made another step on the regional level. “I have now entrusted Jean-Pierre Landau, the former deputy governor of the Banque de France, to complete a mission concerning cryptocurrencies”, cites the media Le Maire’s statement.

Jean-Pierre Landau, contrary to the hopes of cryptocurrency enthusiasts, is not a big supporter of digital currencies. He already voiced his concerns about Bitcoin in 2014 and made a comparison which in the following years became mainstream among the politics and economists. His article on Financial Times is called “Beware the mania for Bitcoin, the tulip of the 21st century”. Naturally, the French cryptocurrency market should await initiatives which are not going to be beneficial.

However, Landau could make Bitcoin cleaner, as in the same article, he warns of money laundering and tax evasion, and should his team track illicit finance activities in the Bitcoin network, this will improve the overall health of the sphere.