A Brussels bar popular by local anarchists has begun accepting cryptocurrency payments. According to the owners, who have recently remodelled the space, Bitcoin is the currency of the future. It is said to be one of the first restaurants in the Belgian capital to accept coins for pints.
The Dolle Mol café and bar in central Brussels, Europe’s hub, has begun accepting cryptocurrency for its beverages. According to its owners, the famed anarchist pub on Rue des Éperonniers has become one of the first enterprises of its sort in the Belgian capital to accept cryptocurrency as a payment option.
A group of young Brussels locals restored the tavern during the last two years. “The cafe has to evolve,” remarked Grégoire, one of the owners, as quoted by the Bulletin, a Belgian English-language news portal. He explained on the decision to accept digital coin payments:
“Cryptocurrencies like bitcoin are the money of the future. We want to give everyone the opportunity to buy a pint with this new payment method.”
The proprietor says that they haven’t had any clients who want to pay with cryptocurrencies yet, but the service was only recently launched. It will take some time for crypto users to become aware of it.
“We’re just starting to embrace it, and people aren’t really aware of it yet,” Grégoire told the Bulletin. “There’s a sticker on the door that says so, but that’s about it. “It reminds me of the internet in the 1990s,” the entrepreneur said.
The journal noted in its study that cryptocurrency legislation in Belgium and Brussels are still rather hazy. “I get the idea that there isn’t really a clear, watertight regulation,” Grégoire observed. As a result, the bar keeps things basic and safe.
“If you want to pay for a pint with bitcoin, for example, you can easily do it using a QR code. The money will subsequently be transferred to our personal bank account, and the amount will be entered into the cash register,” the Belgian added.
In the EU, cryptocurrency payments have yet to be regulated. The European Commission passed a digital finance package last year that will define the future of Europe’s fintech sector.
A new legislative proposal dubbed Markets in Crypto-Assets (MiCA) is part of it, and it attempts to provide standards for digital currencies and crypto service providers. The EU is also debating changes to its anti-money laundering rule that might prohibit the use of anonymous cryptocurrency wallets.