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French Senate Holds Hearings on Bitcoin

(CoinDesk) The Senate of France has conducted hearings into Bitcoin and other digital currencies, with a number of speakers from the industry presenting their case Wednesday.

The Senate Finance Committee hearing on Wednesday was chaired by Philippe Marini of political party UMP, and featured a number of high-profile representatives from the Bank of France, the Treasury Department, the Ministry of Finance’s anti-money laundering arm Tracfin (Traitement du renseignement et action contre les circuits financiers clandestins), DNRED (National Directorate of Intelligence and Customs Investigations) and FING (Fondation Internet Nouvelle Génération).

Speaking on Bitcoin’s behalf was Gonzague Grandval, co-founder and CEO of Paymium, which operates the Bitcoin exchange Bitcoin-Central for Eurozone customers and its own payment processing service for merchants accepting Bitcoin.