Last week we did an article called Bitcoin is smoking where we talked about how thousands of tobacconists in France will start selling Bitcoin coupons from January 1 next year.
In case you lost, you can recover what we discussed Here but to sum up, at the beginning of 2019 there will be thousands of points of sale that will sell Bitcoin throughout France.
However, it has now been reported that the Central Bank of France and its local financial market regulator, the AMF (Autorité des marchés financiers) are not happy with the prospect of having thousands of tobaccos sold to the public with Bitcoin and Ethernet coupons .
The declaration says:
"[In light of recent announcements to offer cryptocurrency coupons in tobacco stores,] AMF, the Bank of France and the French Prudential Supervision and Resolution Authority warn that acts of purchase, sale and investment in Bitcoin are currently carried out outside any regulated market. "
AMF has also taken time to remind consumers that it makes no sense to use a coupon to purchase Bitcoin or Ethereum since the digital resources of cryptocurrencies.
AMF continued saying:
"Bitcoin is a type of resource, sometimes referred to as virtual" currencies "or" cryptocurrency ", which currently exists in the world, is traded online and is not directly linked to a physical currency or invoice. difference in currencies issued by central banks. "
As reported by The next Webin fact each coupon will include a 7% commission as part of the price, so they are right. Instead of buying a coupon, anyone can get Bitcoin or Ethereum from a specialized cryptocurrency counter. However, you will still pay a small fee, but it will never be close to 7 percent.
AMF also had reservations about how legitimate the company responsible for managing the coupons was, KEPLERK.
"[The distribution of the coupons will be handled] from a public limited company – PAYSAFEBIT SASU with a capital of € 50,000, using the trade name KEPLERK – which has no authorization or approval from a French or foreign authority, and is not able to provide any guarantee to the customer base. "
What are your thoughts? Let us know what you think in the comments below!