Bitcoin business in France: Regulation, education and cash buy frustration

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The solo Bitcoin business in France sat down with us in an exclusive interview highlighting the crypto world in the country.

) in 2014. Around that time, their close friend and now business partner, Bruce, mined Bitcoin using his laptop. However, it took three years and a face-melting bull run before the pair could set aside the time to engage with the technology.

They met and engaged with a host of crypto-curious and crypto-obsessed individuals in France before opening the bureau for Bitcoin-lyon in 2019. “The lion’s share of our working day is speaking to clients about blockchain technologies, and more often than not, they realize that the killer app is the Bitcoin blockchain. Often, their big project doesn’t need a blockchain, it needs Bitcoin!”

Indeed, French regulatory laws concerning Bitcoin are harsher than Zinedine Zidane when he’s all riled up. Know Your Customer is required from amounts of just 1 euro. In practice, it means that an 18-year-old with 50 euros in their pocket thanks to a generous birthday gift must disclose their name, address and contact details to buy a petite amount of Bitcoin.

 

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