In line with a recent report published by a privately privately owned French radio network ‘Europe 1’, France tobacco federation, the Fédération des Buralistes, has obtained permission to sell Bitcoin [BTC] at tobacconists following from Jan next year.
In a deal with the French cryptocurrency wallet supplier KeplerK, starting early next year, up to 4,000 small retailers can sell Bitcoin vouchers that customers will then exchange for cryptocurrency on KeplerK’s web site after they open a wallet.
Bitcoin [BTC] would be available in denominations of fifty, hundred and two hundred fifty Euros and can afterwards roll out to remaining retailers.
In line with Europe 1, it had been the French Prudential Supervision and Resolution Authority [ACPR], a freelance authority that operates underneath the auspices of France’s financial institution, that greenlighted the project.
After the announcement, however, the Bank of France itself issued a press release denying any such plans had its blessing.
“Contrary to what was declared this morning […] without any previous verification, no such agreement has been signed with the aim of permitting Bitcoin sales by tobacconists,” the AFP outlined the institutions as stating:
“In addition, no such deal is either being envisaged or underneath discussion.”
Europe 1 commented that the ACPR had had “no choice” however to approve the sales because of the speed at which cryptocurrency was getting into thought client consciousness.
France has delivered mixed messages on cryptocurrency at state level, calling for international restrictive efforts, whereas the country’s “Monsieur Bitcoin” Jean-Pierre Landau has stated overregulation would deliver a “three-pronged danger.”