Bitcoin Foundation Challenges “French BitLicense” Proposed in PACTE Bill

On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of France’s businesses and the country’s employee savings. The amendment was suggested by members of France’s new social liberal party La Republique En Marche (LREM) on September 21, 2018. Should the amendment pass, it would allow the French government to adopt the recommendations of what’s known as the Landau report, a proponent of New…