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French Finance Minister Bruno Le Maire, who once said Facebook’s Libra token would risk the “monetary sovereignty of states,” continues to criticize cryptocurrencies.
In a tweet of October 19, Le Maire claimed some cryptocurrencies are associated with the purchase of drugs and weapons as well as being used for money laundering. However, he also wrote not to “question the reliability and traceability of all blockchain technology”.
Cher @cyrilpaglino, we do not question the reliability and traceability of all blockchain technologies. But some cryptocurrencies could be used to facilitate fraudulent transactions (drugs, weapons, money laundering) anonymously. Shadow. https://t.co/m2YFNa9ipd
– Bruno Le Maire (@BrunoLeMaire) 19 October 2020
Le Maire responded to Cyril Paglino, general partner of the cryptocurrency fund Starchain Capital, who said that blockchain transactions “have no interest in terrorists.” Paglino referred to the recent FinCEN leak, which showed that many banks were indeed allowing money laundering.
This story is under development and will be updated.
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