Bonjour Ninjas!
The French insurance markets can now grow their portfolio by investing in crypto. This was made possible following the passage of a new law as reported by the foreign exchange news agency on April 11.
It was gathered that on April 11, the National Assembly of France adopted a bill that is designed to stimulate local business development, including redirecting savings from individuals to businesses.
This act Known as “Plan d’action pour la croissance et la transformation des Entreprises,” (Pacte) will reportedly allow insurance companies in France to invest in cryptocurrencies such as Bitcoin (BTC) with no restriction or limit on the amount of investment. Cool right?
According to the report, a dual provision of the act will enable the French insurers to invest in cryptocurrencies through specialized professional funds and allows them to offer life insurance policies that are visible to crypto. The new measure will also impact professional capital investment funds.
The bill mainly focuses on the privatization process, including a sale of the state’s stake in airports group ADP (formerly Aéroports de Paris) so as to raise money for a new innovation fund.
Should we be expecting more of this? Join us on Discord Channel now let's talk about it.
Julzin 'Sensei' - Altcoin Ninjas - See you soon Ninjas!
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit