Have you ever wondered how traditional banks are adapting to the world of cryptocurrency?

In this episode, we dive into the fascinating intersection of real estate and crypto, exploring how a century-old French bank, Delubac, is pioneering a new method for purchasing property using digital currencies. This isn't just a tech startup experimenting with the latest trends; it's a well-established institution navigating the complexities of regulatory compliance in France. The episode challenges the notion that traditional banking and crypto are incompatible, posing the question: how can these two worlds coexist, especially in a country known for stringent financial regulations?

Delubac, the trailblazer of crypto real estate transactions.

Delubac is not your typical bank. With over a century of experience, this French institution holds a crucial regulatory status known as the "San status," which allows it to handle crypto transactions legally. Unlike many fintech startups, Delubac leverages this status to facilitate property purchases without requiring buyers to convert their crypto into euros first. This regulatory advantage positions Delubac uniquely in the financial landscape, allowing it to offer a novel service that bridges the gap between traditional real estate transactions and the volatile world of cryptocurrencies.

Bridging the gap between real estate and crypto with innovative solutions.

The episode unpacks Delubac's innovative approach to managing the volatility of crypto assets in real estate transactions. By fixing the property sale price in euros, they ensure that all taxes and fees are calculated based on a stable currency, satisfying regulatory requirements. To mitigate the risk of crypto value fluctuations, buyers must provide a refundable over-collateralization, essentially a safety deposit, to cover potential losses. This model not only provides a secure framework for transactions but also sets a precedent for how traditional financial institutions might integrate crypto into their services. As the conversation unfolds, listeners are encouraged to consider the broader implications of this approach, such as its impact on market liquidity and the behavior of crypto holders looking to diversify their portfolios.

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