Ark Ecosystem’s Petition signed by French Lawmaker for allowing Central Bank to Buy

  • A new petition has be signed urging the French Government to authorize the central bank to purchase bitcoin
  • The petition was presented by the president of a blockchain software agency, and if it meets those criteria, it would be submitted to the French Senate
  • 322 people have signed the petition. The petition is open until September 5th
  • Jean-Michel Mis, a member of the National Assembly since 2017 and a member of the Committee of Legal Affairs, is one of the signatories

A French lawmaker has signed a new petition urging the French government to authorize the central bank to purchase bitcoin. The petition was presented by the president of a blockchain software agency, and if it meets those criteria, it would be submitted to the French Senate.

So far, 322 people have signed the petition. The petition is open until September 5th. Jean-Michel Mis, a member of the National Assembly since 2017 and a member of the Committee of Legal Affairs, is one of the signatories.

ARK Ecosystem’s Co-founder and President 

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Francois Thorens, president, and co-founder of ARK Ecosystem, a blockchain development network, signed the petition. It urges the French central bank to investigate strategies for obtaining bitcoin as a treasury commodity similar to gold.

Steps by France

However, for this to happen, France’s legislature will have to amend the monetary and financial code to allow the central bank to carry out these functions. The petition has already been forwarded to the Senate for approval before being placed on the body’s petitions website. The target will be addressed to the Conference Presidents, which consists of the president of the National Assembly, vice presidents, presidents of permanent commissions, and several other influential members of the National Assembly if it receives 100,000 signatures. The party agrees on any petition-related follow-up events.

“I, therefore, propose an update of the monetary and financial code to endow the Banque de France with the capacity to purchase, sell, and retain bitcoins and other crypto assets,” the petitioner wrote, stressing that France must pursue a policy in this field and apply relevant laws to enforce it.

Also, policymakers “would have to follow a policy that will correctly evaluate the risks and recommend fair crypto-asset keeping ratios in the implementation of this strategy,” according to the petition. 

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Steve Anderrsonhttp://www.thecoinrepublic.com
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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