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Samson Mow, the founder of Bitcoin infrastructure company Jan3, is considering France as a potential frontrunner in Bitcoin adoption at the nation-state level after a recent discussion with French lawmaker Sarah Knafo.
Key Takeaways:
- Samson Mow is collaborating with Sarah Knafo to advocate for a Bitcoin reserve strategy for France.
- France is increasing both public and private sector engagement with Bitcoin.
- Despite advancements, critics argue that Europe still lacks a definitive stance on Bitcoin as a state-held reserve asset.
Mow met with Knafo at the BTC Prague conference this week, where they talked about initiatives to establish a strategic Bitcoin reserve for France and examine regulatory frameworks that would be beneficial for Bitcoin.
Following the meeting, Mow shared on X that he was “looking forward to initiating a wave of nation-state Bitcoin adoption in France and potentially across all of Europe.”
Pro-Bitcoin EU Lawmaker Knafo Reiterates Support for Nation-State Adoption
Knafo, a member of the European Parliament with openly pro-Bitcoin sentiments, expressed her enthusiasm.
“France must take charge of these matters,” she stated on X. She referred to Mow as “an expert on Bitcoin adoption by states, who has advised the President of El Salvador and many others.”
Mow departed from Blockstream in 2022 to concentrate on assisting governments in incorporating Bitcoin into their financial frameworks.
Excellentes discussions avec @Excellion, expert 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
#BTCPrague pic.twitter.com/fbgYZXrWkXKnafo also had a meeting with Michael Saylor, executive chairman of MicroStrategy, describing him as “visionary and ambitious.”
She suggested that more developments are on the horizon, stating, “We will soon have many projects for France and Europe.”
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France is already making strides in both public and private sectors. On June 3, the Paris-based Blockchain Group announced the acquisition of 624 BTC for €60.2 million, increasing its total holdings to 1,471 BTC.
In March, the state-owned bank Bpifrance allocated €25 million for crypto-related investments.
Nonetheless, Europe is facing criticism for its sluggish progress. While the EU’s MiCA framework was fully implemented in December 2024, critics contend that it lacks clarity regarding Bitcoin’s role in state treasuries.
Coinbase and Gemini Expand Further into EU
Last week, reports indicated that Coinbase and Gemini are broadening their European operations by obtaining regulatory licenses in Luxembourg and Malta, respectively.
Gemini, led by the Winklevoss twins, is nearing the completion of its license in Malta after receiving a MiFID II license from the country’s Financial Services Authority last month.
Malta has already granted licenses to exchanges such as OKX and Crypto.com under the EU’s Markets in Crypto-Assets (MiCA) framework.
However, some EU regulators have expressed concerns about the speed of approvals in smaller nations with limited personnel.
Malta’s FSA defended its pace, citing years of experience and robust anti-money laundering standards.
Meanwhile, Coinbase is poised to obtain a license from Luxembourg, where crypto firms have been categorized as “high-risk” for money laundering.
Coinbase employs over 200 individuals in Europe and intends to recruit at least 20 more.
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