France’s Ministry of National Education and Youth recently introduced educational material that will act as a resource and workshop document to educate school kids about Bitcoin and cryptocurrency.

The Bitcoin’s inclusion was added to the syllabus for Economics and Social Sciences, elaborating how school teachers can explain cryptocurrency to a kid to educate him about the various characteristics of money. However, it doesn’t mean to explain about Bitcoin in detail or digs deeper into the concept of cryptocurrency, rather it serves an overview of the decentralized money “in the context of mainstream financial systems”. 

While other countries are still in dilemma to firm up the legality stance of Bitcoin, France seeks to provide the necessary knowledge to the country’s youth – who might turn up to be a game-changer, eventually. Interestingly, France’s Financial Business School is already accepting Bitcoin as a form of payment since October 2018 which witness the advancement of France in the cryptocurrency ecosystem. 

However, the education ministry also shared four explainer videos on major topics such as “Can Bitcoin replace the Euro?” And “Is Bitcoin the currency of the future?” which excites students to have a better understanding of fiat and decentralized money. The videos urged students to answer a few questions including;

  • Why can Bitcoin be considered as a currency?
  • What are the limits of Bitcoin as a means of payment?
  • What are the characteristics of a centralized financial system?
  • What risks are associated with decentralized systems such as Bitcoin? 

Moreover, teachers are advised to explain how few functions of a currency can apply to Bitcoin and in contrast, few failed. 

In a nutshell, France isn’t the only country leading educational segment related to the crypto industry, in fact, the report suggests other universities are also offering the courses about Bitcoin and Blockchain technology besides accepting crypto as a form of payment. 

Image Source – Shutterstock

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.