Bitcoin in Frances as of this year.

[KrisAlex18]

The good news about the crypto community, yesterday, French court calls bitcoin as legal currency. Bitcoin is official now official money in France. We should expect now that they will be going to support the bitcoin mining machine in their country and they will going to boost up the bitcoin in their country.

So the lending, trading, investing, buying and selling of different currencies in their country are all allowed now. The thing about this is bitcoin becomes so good in different country, bitcoin became so known in different country all over the world, they already see the benefits of different currencies, Cryptocurrency is much safer and faster than fiat currency in terms of transactions, because, you don't even need to make effort, go to some establishment to progress the transactions, all things can be done through the use of internet, that is what I really want in cryptocurrency.

The good thing about other cryptocurrencies that accept it in their land, is they may earn so much money compared to what fiat currencies can give to them.

Aside from that, it is good for investing and trading because for sure you will earn from it, because of the volatility of cryptocurrencies.

[pooya87]

the main significance of this news is that they are now recognizing bitcoin as a legal currency which is the main goal. unlike some other countries that see bitcoin as a legal "asset", "security", and other weird things like that to tax it more, some other countries such as France and Japan (and i think at least 3 others) consider it a currency.

[XCANA]

France did a good job by officially making Bitcoin a legal currency, this will give more rooms to others who still classified Bitcoin as illegal currency, while others like my country has not be open to where they stand in Bitcoin, its not illegal currency nor a legal currency officially. Hope they see what the French authorities saw that moved them to accept Bitcoin as a legal currency. Kudos to French authorities for their bold step in this regards. And for we the crypto enthusiasts, we're gradually heading towards global adoption.

[cryptoaddictchie]

I appreciate if you can cite any source of this news in your post OP so many users can read also some articles pertaining to this good news.

The good news about the crypto community, yesterday, French court calls bitcoin as legal currency. Bitcoin is official now official money in France.

 
Considering bitcoin as currency is a huge perspective with some of the countries. Im just hope they can lay out some provisions on which BTC can be legally sell, trade or any transaction on their end.

Does legal currency even means that all of the establishment from their country can accept now BTC since its being mandated by the French court or just simply a statement by them?

[avikz]

So the list of positives is only growing bigger in 2020.

1. Australian court accepted cryptos as security for legal costs for an ongoing case. (https://news.bitcoin.com/court-accepts-crypto-as-security/)
2. India lifts ban on crypto trading (https://thenextweb.com/hardfork/2020/03/04/indias-apex-court-lifts-the-ban-on-cryptocurrency-trading/)
3. South Korean parliament legalized bitcoin trading (https://cryptobriefing.com/south-korean-parliament-legalizes-bitcoin-trading/)

All of these above news came within 2 weeks of time frame. Seems like 2020 will take us to a new height!

[Wexnident]

I appreciate if you can cite any source of this news in your post OP so many users can read also some articles pertaining to this good news.

https://u.today/bitcoin-btc-now-qualified-as-legal-form-of-money-by-french-authorities
https://cointelegraph.com/news/french-commerce-court-likens-bitcoin-to-currency-in-recent-ruling
Here ya go. Lot of steps done recently by the globe regarding the acceptance of Bitcoin to their countries. Though unlike the news about SK, France seems to be fully in it and accepting the existence of Bitcoin at the same level of fiat currency. It'd be nice if they can talk with other countries that have accepted BTC towards some sort of system to officialize it or something.

[betty11]

The banks are loosing the battle against decentralization system. The court which represents the last hope of the common man is leaving up to expectation. The banks need to innovate and be prepared for the forthcoming fast changing times if they are to stay profitable and still lead a luxurious lives.

[kryptqnick]

the main significance of this news is that they are now recognizing bitcoin as a legal currency which is the main goal. unlike some other countries that see bitcoin as a legal "asset", "security", and other weird things like that to tax it more, some other countries such as France and Japan (and i think at least 3 others) consider it a currency.

Well, I think it's a big step, then! If Bitcoin's currency there, does it mean that there're no special taxes on it, and it is in an equal position with EUR?
First France introduces Blockchain and Bitcoin into the state school curriculum, then recognizes Bitcoin as a currency. Apparently, it decided to aim at being progressive by adopting cryptos before the most influential countries do. Hopefully, it'll have good consequences both for France and for Bitcoin. Declaring it legal and educating younger generations is a great welcoming step, but it's not enough to boost adoptions. The community and retailers have to try making using Bitcoin in everyday life real. I look forward to seeing how it would work.

[Chrystora123]

I am very sure that this year the number of countries interested in cryptocurrency will continue to grow..

The banks are loosing the battle against decentralization system. The court which represents the last hope of the common man is leaving up to expectation. The banks need to innovate and be prepared for the forthcoming fast changing times if they are to stay profitable and still lead a luxurious lives.

India, China, South Korea, and France have announced their interest in cryptocurrencies..  if it is proven that these countries succeed in running this system then other countries will definitely follow.  Traditional banks must immediately innovate with technological developments so they will not go bankrupt in the future.

[sunsilk]

Last time it was India that brought good news about bitcoin.

Today, we have France. This is a series of countries announcing good things about bitcoin and that is recognizing and being legal to their country. It's getting more exciting what we're going to see which country shall declare next bitcoin as legal currency or investment.

Despite of this news, the market went opposite but it doesn't matter. This is a clear sign that bitcoin is heading to adoption, the road may be rough and journey might be gradual but it's all good and positive.

[pooya87]

the main significance of this news is that they are now recognizing bitcoin as a legal currency which is the main goal. unlike some other countries that see bitcoin as a legal "asset", "security", and other weird things like that to tax it more, some other countries such as France and Japan (and i think at least 3 others) consider it a currency.

Well, I think it's a big step, then! If Bitcoin's currency there, does it mean that there're no special taxes on it, and it is in an equal position with EUR?

logically that should be the next move although i haven't seen anything in the news regarding how they are going to define the tax laws about bitcoin.
but in any case the most important thing is that it increases the legitimacy of bitcoin as a currency specially in a world where there is a ton of FUD about bitcoin every day.

[Darker45]

I hope France will become an example worth emulating by other countries. I guess France is just one of too few countries where Bitcoin is indeed treated the way it should be: a currency. Bitcoin is money. Moreover, I am hoping that this recognition will encourage not just people to begin using Bitcoin in buying and selling stuff but also for business establishments to start embracing Bitcoin as a payment alternative. Well, at last, Bitcoin is now being appreciated for what it is.

[hirngespenst]

Accepting Bitcoin by the France government was incredibly good news for the whole crypto community, it was unexpected for me. This month we are getting lots of good news and adoption! As France, Korea, India are now officially supporting Bitcoin and cryptocurrency, then I hope they will bring mining tools and people of these countries will make a better amount of money through crypto. I believe Bitcoin can remove poverty from a whole country, so, it's now a matter of time when all the developing country will realize this and they will welcome bitcoin gladly!

[alexsandria]

Accepting Bitcoin by the France government was incredibly good news for the whole crypto community, it was unexpected for me. This month we are getting lots of good news and adoption! As France, Korea, India are now officially supporting Bitcoin and cryptocurrency, then I hope they will bring mining tools and people of these countries will make a better amount of money through crypto. I believe Bitcoin can remove poverty from a whole country, so, it's now a matter of time when all the developing country will realize this and they will welcome bitcoin gladly!

It was really a very good newsthat i have been here right now the continuously adaptation of different countries to the cryptocurrency or bitcoin is suddenly happening right now specially with the south korea africa india and difference which is accepting and adapting the bitcoin or cryptocurrency and other country especially the unbanning of the south korea to the cryptocurrency.
I am glad that eventually they are seeing the positive impact of the cryptocurrency to the globalization of each country especially with with a help to their economic growth.

[pawanjain]

It's always good to hear that one of the countries has legalized bitcoin/cryptocurrency.
It only means that the crypto space is growing more and more every year and I believe in a few years most of the countries would have accepted crypto.
As more countries accept crypto, the price of BTC is bound to increase in price and once most countries start accepting it the goal of $100,000 per bitcoin will be reached soon.

[YuginKadoya]

It's a piece of great news indeed now that France is joining the revolution in legalizing Bitcoin I think that it may impact other countries to do as France did, But I think that would take time to really make it happen, but this is a good start in making other countries to realized bitcoin's worth,

In my opinion, I really like what is happening right now and if Bitcoin is a legal currency in France it will surely make a big difference in the future and the price of Bitcoin will surely reflect such news in the coming months or so.

[Exolix]

The good news about the crypto community, yesterday, French court calls bitcoin as legal currency. Bitcoin is official now official money in France. We should expect now that they will be going to support the bitcoin mining machine in their country and they will going to boost up the bitcoin in their country.

So the lending, trading, investing, buying and selling of different currencies in their country are all allowed now. The thing about this is bitcoin becomes so good in different country, bitcoin became so known in different country all over the world, they already see the benefits of different currencies, Cryptocurrency is much safer and faster than fiat currency in terms of transactions, because, you don't even need to make effort, go to some establishment to progress the transactions, all things can be done through the use of internet, that is what I really want in cryptocurrency.

The good thing about other cryptocurrencies that accept it in their land, is they may earn so much money compared to what fiat currencies can give to them.

Aside from that, it is good for investing and trading because for sure you will earn from it, because of the volatility of cryptocurrencies.

Do you think France will be able to set an example for other EU countries? In fact, the EU countries are a large economic association where they strive for a single currency, common laws, etc.

[BrewMaster]

Do you think France will be able to set an example for other EU countries? In fact, the EU countries are a large economic association where they strive for a single currency, common laws, etc.

no matter what laws France adopts and what other European countries do after it, this won't magically make bitcoin the Europe's single currency. in the end governments still want control and centralization and oppose anything decentralized.

[White Christmas]

Do you think France will be able to set an example for other EU countries? In fact, the EU countries are a large economic association where they strive for a single currency, common laws, etc.

no matter what laws France adopts and what other European countries do after it, this won't magically make bitcoin the Europe's single currency. in the end governments still want control and centralization and oppose anything decentralized.

That's right no matter what last in the france are into they are still adopting bitcoin and cryptocurrency as their own money or way of money because they are seeing a positive impact from it what i am trying to find out if what if other european countries will be able to adapt also this cryptocurrency because we all know that the europe part of the earth is one of the most high economic ratings when it comes to the countries in which they are just using single currency what if they will used cryptocurrency what would be the effect of it to their economic status?

[Exolix]

Do you think France will be able to set an example for other EU countries? In fact, the EU countries are a large economic association where they strive for a single currency, common laws, etc.

no matter what laws France adopts and what other European countries do after it, this won't magically make bitcoin the Europe's single currency. in the end governments still want control and centralization and oppose anything decentralized.

That's right no matter what last in the france are into they are still adopting bitcoin and cryptocurrency as their own money or way of money because they are seeing a positive impact from it what i am trying to find out if what if other european countries will be able to adapt also this cryptocurrency because we all know that the europe part of the earth is one of the most high economic ratings when it comes to the countries in which they are just using single currency what if they will used cryptocurrency what would be the effect of it to their economic status?

The question is more about whether France has the necessary status in the EU to become an example for Italy or Germany. Because the EU countries have different authority.