France Creates “Digital Currencies Mission”

The new mission will be responsible for proposing guidelines on the evolution of regulations and to better control development
16 January 2018   1176

The Minister of the Economy Bruno Le Maire announced on Monday that the country is creating a “digital currencies mission” and a working group led by Jean-Pierre Landau, the former BOF deputy governor, that will study digital currencies while also proposing regulatory standards.

We want a stable economy: we reject the risks of speculation and the possible financial diversions linked to bitcoin. I asked the Argentine G20 members to take up this issue and I have now entrusted Jean-Pierre Landau, the former deputy governor of the Banque de France, to complete a mission concerning cryptocurrencies.

 

Bruno Le Maire

The Minister of the Economy of France

According to the announcement, Jean-Pierre Landau’s mission will be responsible for proposing guidelines on the evolution of regulations and to better control development and prevent their use for the purpose of tax evasion, money laundering or for financing criminal activities and terrorism.

The former BOF deputy governor Landau is an opponent of cryptocurrencies. He has displayed his attitude to bitcoin publicly writing an opinion piece for the Financial Times in 2014.

The currency is at present attractive for two reasons — One is anonymity, which makes it suitable for tax evasion and money laundering — This will not last; authorities are already wising up.

 

Jean-Pierre Landau

The former deputy governor of the Banque de France

In early December we have reported that Robert Ophele, the chairman of French market regulator, called Bitcoin a “dangerous illusion” and a tool for criminals.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   152

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.