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France Bans Privacy Coins and Platforms Like XMR and Tornado Cash
By: times tabloid|2025/05/05 00:45:01
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In a landmark decision set to reverberate across the crypto ecosystem, the French government has officially declared privacy-focused cryptocurrencies and anonymizing platforms illegal within its jurisdiction. According to a report shared by Crypto Beast on X, the move explicitly targets tokens such as Monero ($XMR) and services like Tornado Cash, marking a decisive step in France’s intensifying regulatory stance on digital assets. BREAKING It’s official, privacy coins like $XMR (monero) or platforms like tornado cash are now ILLEGAL in france. pic.twitter.com/mWPEfAGekj— Crypto Beast (@cryptobeastreal) May 4, 2025The End of Anonymity: France’s Regulatory ShiftPrivacy coins have long posed a unique challenge to regulators due to their ability to obscure transaction data and user identities—features that appeal to privacy advocates but raise concerns among law enforcement and financial oversight bodies. France’s latest decision is aimed squarely at curbing these concerns, effectively outlawing the use, trade, and facilitation of cryptocurrencies and platforms designed to mask financial flows.Monero, one of the most prominent privacy coins, utilizes ring signatures and stealth addresses to shield transaction origins, amounts, and recipients. Tornado Cash, meanwhile, is an Ethereum-based protocol that allows users to mix tokens to break transactional links, further enhancing anonymity. Both have come under heavy scrutiny in recent years, and France’s move echoes growing global sentiment that such privacy-enabling tools conflict with anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks.Legislative Justification and Market ImplicationsThe French government’s decision is understood to be driven by a desire to align more closely with the Financial Action Task Force (FATF) guidelines, which recommend strict oversight of virtual assets that impede traceability. French lawmakers have argued that total anonymity in financial transactions poses an unmanageable risk in combating illicit finance, tax evasion, and cybercrime.The ban places France among the most restrictive European jurisdictions regarding privacy-enhancing crypto technologies, potentially pressuring other EU member states to adopt similar policies as the bloc finalizes its MiCA (Markets in Crypto-Assets) regulatory framework. This could significantly hinder the adoption and utility of privacy coins within regulated financial environments.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023Global Context and Future RamificationsFrance’s prohibition follows earlier moves by U.S. authorities, who sanctioned Tornado Cash in 2022 over allegations that it had facilitated billions in money laundering activities, including for state-sponsored hacking groups like North Korea’s Lazarus Group. With France now joining the list of nations outlawing such platforms, a wider international crackdown could be imminent.For privacy-focused crypto developers and advocates, the challenge moving forward will be navigating a world increasingly hostile to anonymity. While privacy remains a fundamental tenet for many in the blockchain space, regulatory tolerance for untraceable digital transactions is waning rapidly.As Crypto Beast noted in their post, the ban is now official. For privacy coins and protocols, the clock may be ticking—not just in France, but globally—as regulators intensify efforts to bring every corner of the digital asset landscape under watchful scrutiny.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on Twitter, Facebook, Telegram, and Google News The post France Bans Privacy Coins and Platforms Like XMR and Tornado Cash appeared first on Times Tabloid.
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