Key Takeaways
- Samson Mow met with French lawmaker Sarah Knafo to discuss spreading nation-state bitcoin adoption in Europe.
- France's bitcoin activity is rising, with both public and private sector investments including a major treasury acquisition and state bank support.
- Concerns remain about Europe's slow corporate bitcoin adoption due to regulatory and market maturity challenges.
Samson Mow, founder of Jan3, met with French lawmaker Sarah Knafo at BTC Prague to discuss advancing bitcoin adoption at the nation-state level in France and potentially across Europe.
Mow stated on X:
“Looking forward to starting a nation-state Bitcoin adoption wave in France and perhaps all of Europe.”
During the meeting, the two explored developing a Strategic Bitcoin Reserve for France and fostering friendlier regulations for bitcoin.
France’s growing bitcoin momentum
Knafo invited Mow and his team to visit France to continue discussions.
She described their conversations as “excellent,” noting Mow’s expertise on state-level bitcoin adoption, including his advisory work with El Salvador.
Knafo also met with Michael Saylor, executive chairman of Strategy, calling him “visionary and ambitious.”
Bitcoin & France
France has recently seen increasing bitcoin activity.
On June 3, Blockchain Group, a Paris-based firm claiming to be Europe’s first bitcoin treasury company, acquired 624 bitcoin for €60.2 million, bringing its total holdings to 1,471 bitcoin.
Additionally, France’s state-owned bank Bpifrance announced plans to invest €25 million in digital assets supporting local projects.
Europe’s adoption rate questioned
Despite these moves, some industry leaders remain concerned about Europe’s comparatively slow pace.
Elisenda Fabrega, general counsel at Brickken, said, “European corporate adoption remains limited,” attributing this to regulatory and market maturity challenges.
Fabrega added:
“Europe has yet to take a definitive stance on Bitcoin as a reserve asset.”
