27 Nov French Tobacco Shops Want to Sell Bitcoin — Regulators Aren’t Happy
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The French version of the SEC, the Autorité des marchés financiers, along with the Banque de France issued a statement Monday regarding the intentions of KeplerK, a company which was previously reported to have gotten approval and is planning to partner with tobacco shop operators to sell Bitcoin in their stores across the country. It seems French bureaucracy can be even more confusing than its American counterpart, as initial reports stated that regulators had tacitly agreed to the plan.
However, the French regulators’ Monday statement was unequivocal:
“Its distribution by a public limited company, PAYSAFEBIT SASU with a capital of 50000 euros, using the trade name KEPLERK, which does not have any authorization or approval by a French or foreign authority, is not likely to provide any guarantee to the customer base.”
Their…
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