Crypto Casinos in France

Cryptocurrencies are widely available in France. The local legal framework is way better regulated than in other advanced countries across the world. Interestingly enough, France’s first encounter with digital assets came as a part of a financial fraud scheme. This led the state to put cryptocurrencies under severe scrutiny.

The situation was exacerbated during the Bitcoin bubble of late 2013. That was the turning point when the French government decided to take decisive steps to regulate the market. As early as January 2014, the country’s banking and insurance regulatory body called the Prudential Supervision and Resolution Authority (ACPR) came out with the decision to regulate all cryptocurrency providers.

Things went smoothly for a couple of years until in 2017, the world saw another bubble bursting – that of ICOs. The state carried on extensive discussions and decided to create a separate framework to regulate ICOs. This was a historical move as – until then – most legislatures placed them within existing regulations.

Nowadays, crypto is readily available and widely used in France. You can buy digital assets using numerous ATMs or any of the popular crypto exchanges. French legislature treats cryptocurrencies as moveable assets. You will not have to pay tax on the following occasions: buying crypto, exchanging crypto for crypto, holding crypto, and moving crypto between your wallets. Tax is due only when you convert digital assets into fiat, acquire crypto through mining or any act of labor, or your total yearly gains from crypto exceed €305.

Throughout the years, gambling in France has gone a very long way with many unexpected twists. For instance, between 1969 and 1987, slot machines were forbidden in the country.

Nowadays, France is one of the states with the most-developed gambling legislation. The reason is that the government is adamant about protecting players from the potentially addictive nature of casino games and preventing wagering-related criminal activities.

The legal gambling age in France is 18. Land-based casinos are allowed. The country’s capital, Paris, boasts eight spectacular brick-and-mortar casinos. France legalized online gambling back in 2010. However, French-licensed online operators are severely regulated. For instance, they are not allowed to offer games like online slot machines and roulette. The latter is a very curious fact since historians claim roulette was invented in France.

Being avid gamblers, the French are always on the lookout for good bonuses. Local operators recognize this fact and offer many generous promotions. It is not uncommon to find huge cash bonuses and free bets at both land-based and online casinos.

Some operators go the extra mile to offer no deposit bonuses and deals with no wagering requirements. Loyal players also get to participate in VIP programs full of perks like higher withdrawal limits, personal account managers, free tickets to exclusive events, birthday gifts, free merchandise, and more. In addition, French players are very competitive, so casinos often give them the chance to participate in tournaments with huge prizes.