Samson Mow Targets European Bitcoin Adoption
Samson Mow Eyes Bitcoin Adoption Across Europe
Jan3 founder Samson Mow is focusing on increasing Bitcoin adoption by nation-states in Europe. This follows a successful meeting with French lawmaker Sarah Knafo, a member of the European Parliament, at BTC Prague. Mow expressed his intent to "start a nation-state Bitcoin adoption wave in France and perhaps all of Europe," on X (formerly Twitter).
Discussions between Mow and Knafo centered on creating a strategic Bitcoin (BTC) reserve for France and establishing favorable regulations for Bitcoin. Knafo has subsequently invited Mow's team to France for further discussions, emphasizing that "France must take hold of these issues."
Mow's Visit to France and Further Developments
Knafo described her discussions with Mow as "excellent," highlighting his expertise in Bitcoin adoption by governments, including his advisory role for the President of El Salvador. She also met with Michael Saylor, describing him as "visionary and ambitious." Knafo anticipates numerous projects for France and Europe.
Mow's focus on nation-state Bitcoin adoption began after his departure from Blockstream in March 2022 to launch Jan3.
Growing Bitcoin Momentum in France
France shows increasing Bitcoin engagement in both public and private sectors. Blockchain Group, claiming to be Europe's first Bitcoin treasury firm, recently acquired 624 BTC for €60.2 million ($68.7 million), increasing its holdings to 1,471 BTC. Furthermore, Bpifrance, France's state-owned bank, allocated €25 million ($27 million) to support local crypto and blockchain projects through cryptocurrency purchases.
Concerns Remain About European Crypto Adoption
Despite positive developments in France, some express concern about Europe's slower crypto adoption compared to other regions. Elisenda Fabrega, general counsel at Brickken, noted that European corporate adoption remains limited due to regulatory uncertainty, institutional signaling, and market maturity. She highlighted Europe's lack of a clear stance on Bitcoin as a reserve asset.
The Markets in Crypto-Assets (MiCA) regulatory framework, proposed in 2020 and fully enforced in December 2024, aims to address these issues, but its full impact remains to be seen.
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