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It’s stupid to buy Bitcoin from tobacco stores, says French regulator


The central bank of France and its local financial markets regulator, Autorité des marchés financiers (AMF), are not particularly fond of the prospect of having thousands of tobacco stores sell Bitcoin and Ethereum coupons to citizens. The government agency has issued a notice to warn citizens against buying cryptocurrency coupons, reminding them that cryptocurrencies are often unregulated and, generally, not well-suited for uninformed investors. “[In light of recent announcements to offer cryptocurrency coupons in tobacco stores,] the AMF, the Bank of France, and the French Prudential Supervision and Resolution Authority warn that the acts of purchasing, selling, and investing in Bitcoin are currently…

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