Samson Mow, founding father of Bitcoin infrastructure agency Jan3, is eyeing France as a possible chief in Bitcoin adoption on the nation-state degree following a latest assembly with French lawmaker Sarah Knafo.
Key Takeaways:
- Samson Mow is working with Sarah Knafo to advertise a Bitcoin reserve technique for France.
- France is ramping up each private and non-private Bitcoin exercise.
- Regardless of progress, critics say Europe nonetheless lacks a transparent place on Bitcoin as a state-held reserve asset.
Mow met with Knafo on the BTC Prague convention this week, the place the 2 mentioned plans to construct a strategic Bitcoin reserve for France and discover regulatory frameworks favorable to Bitcoin.
After the assembly, Mow posted on X, saying he was “trying ahead to beginning a nation-state Bitcoin adoption wave in France and maybe all of Europe.”
Professional-Bitcoin EU Lawmaker Knafo Echoes Assist for Nation-State Adoption
Knafo, a member of the European Parliament with overtly pro-Bitcoin views, echoed the passion.
“France should grasp these points,” she wrote on X. She described Mow as “an knowledgeable on Bitcoin adoption by states, who has suggested the President of El Salvador and plenty of others.”
Mow left Blockstream in 2022 to deal with serving to governments combine Bitcoin into their monetary methods.
Excellentes discussions avec @Excellion, knowledgeable de l’adoption de Bitcoin par les États, qui a conseillé le Président du Salvador et tant d’autres. La France doit s’emparer de ces enjeux.
#BTCPrague pic.twitter.com/fbgYZXrWkX
— Sarah Knafo (@knafo_sarah) June 21, 2025
Knafo additionally met with Michael Saylor, government chairman of MicroStrategy, calling him “visionary and bold.”
She hinted at extra developments forward, saying, “We are going to quickly have many initiatives for France and Europe.”
France is already taking steps in each private and non-private sectors. On June 3, Paris-based Blockchain Group introduced the acquisition of 624 BTC for €60.2 million, bringing its whole holdings to 1,471 BTC.
In March, state-owned financial institution Bpifrance allotted €25 million to crypto-related investments.
Nonetheless, Europe faces criticism for its sluggish tempo. Whereas the EU’s MiCA framework was absolutely enforced in December 2024, critics argue it lacks readability on Bitcoin’s function in state treasuries.
Coinbase and Gemini Push Deeper into EU
Final week, it was reported that Coinbase and Gemini are increasing their European operations by securing regulatory licenses in Luxembourg and Malta, respectively.
Gemini, led by the Winklevoss twins, is near finalizing its license in Malta after receiving a MiFID II license from the nation’s Monetary Providers Authority final month.
Malta has already licensed exchanges like OKX and Crypto.com below the EU’s Markets in Crypto-Belongings (MiCA) framework.
Nevertheless, some EU regulators are involved in regards to the pace of approvals in smaller nations with restricted workers.
Malta’s FSA defended its tempo, citing years of expertise and robust anti-money laundering requirements.
In the meantime, Coinbase is about to obtain a license from Luxembourg, the place crypto companies have been labeled “high-risk” for cash laundering.
Coinbase has over 200 workers in Europe and plans to rent at the very least 20 extra.
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