Express

French Finance Minister Praises Blockchain Technology While Levying Criticisms Against Cryptocurrencies

Emily Mason

Summary: French Finance Minister Bruno Le Maire issued more criticisms of cryptocurrencies while acknowledging the benefits of blockchain in a recent tweet.  Le Maire stated that he does not doubt the reliability and traceability of blockchain, but that cryptocurrencies can be used to facilitate illicit transactions including for drugs, weapons or money laundering. Le Maire was ...

French Finance Minister Bruno Le Maire issued more criticisms of cryptocurrencies while acknowledging the benefits of blockchain in a recent tweet. 

Le Maire stated that he does not doubt the reliability and traceability of blockchain, but that cryptocurrencies can be used to facilitate illicit transactions including for drugs, weapons or money laundering.

Le Maire was responding to a tweet from Cyril Paglino, a general partner in crypto fund Starchain Capital, who was arguing that blockchain transactions had no interest in terrorists in reference to a recent FinCEN leak showing that many banks are enabling money laundering. 

By Emily Mason

  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 1 day ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 16 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 23 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 27 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? September 2, 2025
  • You need to login to comment.