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How can entrepreneurs looking to gain residency in France use crypto currency for investing in a business?

Can a foreigner applying for a residence permit for entrepreneurs use their crypto money to meet the requirement of investing at least 30,000 euros in a business project? What is France's position on cryptocurrency?


Answers
  • MAJORELLE AVOCATS
    November 29, 2021

    Legally, a cryptocurrency is not a currency (in France); it does not depend on any institution, it has no legal tender in any country which makes it difficult to assess its value and cannot be saved, therefore, constitute a reserve value. Thus, it is not possible for a foreign talent to use cryptocurrency to meet the minimum investment requirement of 30,000 euros.