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 fromJannext year.
In a deal with the French cryptocurrencywalletsupplierKeplerK,startingearly next year, up to 4,000smallretailerscan sell Bitcoin vouchers that customerswillthen exchange for cryptocurrency on KeplerK’sweb siteafter theyopen awallet.
Bitcoin [BTC]would be availablein denominationsof fifty, hundredand two hundred fifty Eurosand canafterwardsrollout to remainingretailers.
In line with Europe1,it had beenthe FrenchPrudential Supervisionand ResolutionAuthority [ACPR],a freelanceauthoritythatoperatesunderneaththe auspices of France’sfinancial institution, that greenlighted the project.
After the announcement, however, the Bank of France itself issueda press releasedenying any such plans had its blessing.
“Contrary to what wasdeclaredthis morning […]without anypreviousverification, no such agreement has been signed with the aim ofpermittingBitcoin sales by tobacconists,” theAFP outlined theinstitutions as stating:
“In addition, no such deal is either being envisaged orunderneathdiscussion.”
Europe1commented that the ACPR had had “no choice”howeverto approve the salesbecause ofthe speedatwhich cryptocurrency wasgetting intothoughtclientconsciousness.
France has delivered mixed messages on cryptocurrency at state level,callingfor internationalrestrictiveefforts,whereasthe country’s “Monsieur Bitcoin” Jean-Pierre Landau hasstatedoverregulation would deliver a “three-pronged danger.”