French new bill allows life insurance companies to invest in cryptocurrency

According to Cointelegraph, the French National Assembly passed a new bill called Pacte law on Thursday, which will allow life insurance providers to invest in cryptocurrencies such as Bitcoin through professional funds, and there is no limit on the amount of investment. In addition, according to other foreign media news, Joel Giraud, vice chairman and budget manager of Maxon’s party LREM, confirmed the news and said that this is not the main goal of the bill, but the insurance company can actually provide encryption-based assets. product.