FIRST AIRED: November 15, 2018

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Transcript

00:00:00
>> France has an offer for anyone who want to raise money issuing cryptocurrencies like BitCoin, play ball and will certify you as a respectable business. The country's market regulator, this is it, want coin issuers to pay tax on their profits and to be transparent about the identity of investors.
00:00:21
For some BitCoin fans, that sounds like a deal with the devil.>> The area of certification from government might be in contradiction with the whole idea of cryptocurrency.>> For BitCoin's founders, anonymity was part of the point. They envisaged electronic payments free from all government oversight or interference, but that's led to charges that cryptocurrencies are a boon for criminals.
00:00:46
Reuters correspondent Inti Landauro in Paris says some crypto players are willing to compromise though.>> There is a demand from cryptocurrency issuers to have recognition from regulators so that they can convince more potential investors. Right now, the people who are investing in cryptocurrencies are more specialized, are people who are really involved in the cryptocurrency movement.
00:01:17
With a certification those issuers could reach more general investors. So called initial coin offerings are becoming popular. They're an alternative to selling shares. France wants to be one of the first to regulate them aiming to introduce its new rules next year. It sees a booming sector that could create jobs and generate tax revenues.
00:01:42
Crypto investors will have to decide whether swapping secrecy for respectability, is a trade they want to make.