- Samson Mow meets Sarah Knafo to discuss Bitcoin adoption strategy.
- France may follow El Salvador with a national Bitcoin reserve proposal.
- France sees rising political and corporate momentum for Bitcoin integration.
Samson Mow, the founder of Jan3, is pushing forward his goal to accelerate Bitcoin adoption in Europe. His latest move came after a promising meeting with French lawmaker Sarah Knafo at BTC Prague. On X (formerly Twitter), Mow said he is hoping to launch a national-scale wave of Bitcoin adoption in France and possibly even the whole of Europe. The same means that France might soon become one of the nations that propose to use Bitcoin in their national budget plan.
Mow and Knafo Discuss Bitcoin Adoption in France
Mow and Knafo have met and were negotiating about how to put in place Strategic Bitcoin Reserve in France. This idea is analogous to the implementation of the same in El Salvador where Bitcoin already serves as a legal tender. They also mentioned the possibility of proposing regulations that have a favorable attitude towards Bitcoin together with its ecosystem in their discussion. Knafo, an MEP warmly invited Mow, together with his team, to France so as to discuss these possibilities in detail.
Knafo then put up a post about the meeting on her X account soon after the meeting. She said that the encounter was superb and that she lauds Mow in being an advisor to the president of El Salvador and other national leaders. In her turn, France has to play the leading role and grasp these issues in her hands. She also indicated on what would happen in future and mentioned that there were going to be new projects announced soon to France and the European region as a whole.
Part of this is Knafo having met with Michael Saylor, the founder and executive chairman of MicroStrategy, in addition to Mow. She described Saylor as a “visionary and ambitious” person and showed herself impressed by his attitude towards Bitcoin. The fact that she also spoke to Saylor and Mow proves that she is putting in efforts to consult professionals to draft potential digital asset policy for France.
France Moves Closer to Bitcoin Adoption
Meanwhile, France already hit the news because of increased popularity concerning Bitcoin. Blockchain Group which is based in Paris recently purchased 624 Bitcoins and paid its amount with 60.2 million euros or approximately 68.7million dollars. This increased its Bitcoin assets to 1,471BTC, which is indicative of a serious financial investment in the cryptocurrency. Such a step points to growing corporate interest in digital assets, in particular in European tech and finance.
However, not all developments have been positive. Recently, the French National Assembly rejected the suggestion to research Bitcoin mining as an alternative use on surplus electricity. The proposal that was brought up by 123 associates of the National Rally party was to study whether mining could be used to contain power grids, in cases when there is is spare power that is generated through nuclear energy. The proposal did not aim to develop mining projects but only suggested research, as proposed by Adan, a major French digital asset group. Still, lawmakers rejected the proposal despite its cautious approach.
However, those who have their own hands in the making of many legal decisions are up in arms. As such interest of the lawmakers in charge such as Knafo and corporate interest rises, France is perhaps on the road towards a more profound interest in Bitcoin. With the implementation, the concepts by Mow would make France a Europe leader in digital finance.
Lastly, the announcements and the meetings that took place recently indicate that France is getting warmer towards Bitcoin, but the regulatory issues still exist. Options available in the market using the incorporation of large figures and firms make a turn to nation-level adoption in Europe nearer than ever.
The post Samson Mow Eyes Bitcoin Adoption in France appeared first on Live Bitcoin News.
