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A French regulator calls for banning anonymous cryptocurrencies

May, 09, 2023 Hi-network.com

The head of thefinance committee of the French Parliament suggested a change in regulation that would introduce a ban on privacy oriented cryptocurrencies. Only a few cryptocurrencies are oriented solely towards the privacy and anonymity of its users. The most prominent ones like Monero, ZCash, and PIVX are promise full online anonymity for their users.

A similar ban was suggested in Japan earlier this year. Anonymous cryptocurrencies are used for payments throughout Dark Web shops.

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