French are known for a variety of things, the Eiffel tower, eating of frogs, superb soccer skills, being the biggest romantics and the list goes on. If you are familiar with the beautiful scenery of Paris then thinking about bitcoin finding a positive look from the officials will not come as a surprise. France is currently wrapping up their decision on how they will regulate initial coin offerings, we have heard some positive hints. How about French bitcoin regulations, exchanges, and online gambling opportunities? Keep reading and discover freshest bitcoin regulations news in France.
Bitcoin Regulations in France
France appears to have rational officials and they have taken a stance that before taxing bitcoin businesses and startups, there should be a chance for people to build those businesses. Which means that you do not have to pay any taxes if your operations stay within €5,000 above that, you must pay government tax. French bitcoin businesses are required to follow KYC policies and have to gather personal verification information from their customers. The current national law of France does not allow for bitcoin or any digital currency to be recognized as a legal currency.
French Bitcoin Exchanges
If you are a French citizen looking to acquire some bitcoin then there are at least ten different platforms to choose from! One of the easiest ways for purchasing bitcoin in France is to go through Peer-to-Peer exchange such as Paxful or LocalBitcoins. It is very important that you never release escrow before trader has completed his part of the process, be aware of scammers trying to get you outside of the escrow to complete the trade, be sure to report them to the admins. Looking to escape the hassle of dealing with other people? You can try to locate a BTC ATM near you through coinATMradar search. Do not mind going through KYC verification? Buy bitcoin in France from reputable exchanges such as BitStamp, CEX.io, and Coinbase.
Online Gambling in France
France is one of the few European Union countries that has fully legalized gambling in the country and regulated online gambling since 2010, which also is legal. As a matter of fact, French have contributed to various gambling formats, if you did not know then the roulette wheel was created by a French inventor. Three forms of online gambling that are regulated are poker, horse betting, and sports betting. One of the alternatives for finding online casino games in France is to play at off-shore anonymous bitcoin casinos. Take a closer look at our trusted bitcoin casino reviews for finding the best house to play at!