The French National Assembly Adopts Licensing Rules for Encryption Companies
It is reported that the French National Assembly has adopted a set of licensing rules for encryption companies operating in the country as part of a broader bi…
It is reported that the French National Assembly has adopted a set of licensing rules for encryption companies operating in the country as part of a broader bill aimed at harmonizing French laws with European Union standards. The final vote of the National Assembly was 109 in favour and 71 against. The French Senate has passed the bill and is waiting for the signature of French President Marcon.
The French National Assembly voted to adopt stricter registration rules for encryption companies
Interpretation of the news:
The French National Assembly recently adopted a set of licensing rules for encryption companies operating in the country. This move is part of a broader bill aimed at harmonizing French laws with European Union standards. The final vote of the National Assembly was 109 in favour and 71 against, indicating a significant level of support for the measure.
The adoption of licensing rules for encryption companies is a significant development in the ongoing debate about the use of encrypted communication. While encryption technology is essential for protecting personal and business data from cyberattacks, it can also be used to facilitate illegal activities such as terrorism, drug trafficking, and money laundering. As a result, many governments around the world have been grappling with how to balance the need for security with the imperative of personal privacy and protection.
The French government’s decision to adopt licensing rules for encryption companies reflects a growing trend among European Union countries to regulate the encryption industry. Under the proposed legislation, encryption companies would be required to register with the government and comply with specific rules to ensure that their products are secure and cannot be used for illegal activities. The licensing system would also give the government greater oversight over the use of encryption technology, which would help to combat terrorism, cybercrime, and other illicit activities.
While the adoption of licensing rules for encryption companies is undoubtedly a positive development, there are concerns that it could also stifle innovation and investment in the encryption industry. Increased regulation could deter startups and smaller firms from entering the market, which could limit the development of new and innovative encryption technologies. This, in turn, could make it easier for criminals and other malicious actors to circumvent the technology, undermining its effectiveness as a tool for protecting personal and business data.
In conclusion, the French National Assembly’s decision to adopt licensing rules for encryption companies is a significant development in the ongoing debate about the use of encrypted communication. While it is undoubtedly an important step towards greater security and public safety, it is also imperative that policymakers strike the right balance between regulation and innovation to ensure that encryption technology remains effective in protecting personal and business data while also respecting individual privacy rights.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/4123.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
CZ Resumes Spot Trading After Pre-Trade Testing
According to reports, CZ stated on its social platform that spot trading is expected to resume in 60 minutes, and the team is conducting pre trade testing.
CZ: Spot trading is expe -
What does the internal test version of OKEx Apple mean (OKEx Apple)
What does the internal test version of OKEx Apple mean? According to official ne
-
Analysis: Arbitrum’s Total Lockup Volume Drops 3% in Three Days
According to reports, according to DefiLlama data, the total lockup volume on Arbitrum was $2.19 billion, down about 3% in the past three days.
The total lockup volume of Arbitrum -
Credit Suisse Implements Secured Loan Project and Senior Debt Repurchase Plan
Credit Suisse reportedly said it plans to borrow up to 50 billion Swiss francs from the Swiss Central Bank through a secured loan project. Credit Suisse also announced that Credit Suisse International plans to repurchase certain OpCo senior debt securities with no more than 3 billion Swiss francs in cash. Credit Suisse stated in a statement that this additional liquidity will support its core businesses and customers. Credit Suisse will take the necessary steps to create a simpler bank that is more focused on customer needs. Credit Suisse has also made a cash acquisition offer for 10 US dollar denominated senior debt securities at a total price of no more than US $2.5 billion; Another cash offer was announced involving four euro denominated senior debt securities at a total cost of no more than 500 million euros. Both offers are subject to a number of conditions contained in the offer memorandum and expire on March 22. Credit Suisse will borrow…
-
What is OKT trading (what happened to the OK exchange)
What is an okt transaction and what is an okt transaction? What is OKT trading? It is achieved through decentralized exchanges on OKExChain. It allows users to conduct transactions without trusting a third party (i.e., an unmanaged, unlicensed network) and obtain one or more tokens as rewards: BTC, ETH, EOS and other Cryptocurrency OKT is composed of tokens and platform tokens issued by OKEx, representing the value transmission medium of the blockchain world. OKB will be used as the underlying asset for payment protocols such as Bitcoin Except for margin contracts, anyone can participate in transactions in OKExDEX to ensure the safety and efficiency of transactions At present, the most popular ERC20Token based on Ethereum in the market is the original TokenOKX of OKExChain. According to the official introduction, OKT is a decentralized peer-to-peer digital currency trading network that enables users to securely exchange various mainstream tokens. This project is committed to establishing a new decentralized financial model that provides…
-
Which platform is the best for renting computing power (idle computing power for rent)?
Which platform is the best for renting computing power? With the continuous decl
-
What is the flow of information in orders (What information does an order include)
What is the flow of information in orders? In the book \”The Machine of Trading:
-
What platform does Paxful belong to (Is Paxful a scam platform)?
Paxful belongs to what platform? Paxful belongs to what platform. PAXful is the
-
Circle Issued and Redeemed 700 Million and 1.1 Billion USDCs, Respectively, in the Past Week
According to reports, from April 20th to April 27th, Circle issued approximately 700 million USDCs and redeemed approximately 1.1 billion USDCs, resulting in a decrease of approxim
-
What is the use of mining Virtual memory (how much is mining Virtual memory set)
What’s the use of Virtual memory for mining? What’s the use of Virtual memory for mining? Users can find some currencies or pictures on their computers. For example, the market value of Bitcoin is $2 trillion, while the market value of Ethereum is more than $100 billion, so these coins dug up are equivalent to the funds exchanged in futures trading on an exchange, so there is a high demand for this price. What are the uses of mining Virtual memory? What can it be used for? How to obtain benefits? How to make money? Nowadays, many friends ask this method to buy a Alipay game: will you receive virtual currency when playing this game? If you really want to participate, you can use virtual currency now Let’s introduce these two methods: 1. Get Virtual memory by mining; 2. Convert the excavated Virtual memory into cash (cash can be used for investment in virtual machines) and use it for mining;…