Arnaud Caudoux, Deputy General Director of BPIFRANCE, said this is the first bank fund, oriented exclusively on the acquisition of digital assets and support for the national crypto industry, which emphasizes France’s ambitions to become the center of blockchain-innovations in Europe.
“Since the United States accelerates its crypto -lineup, it is extremely important for France to ensure the competitiveness of its ecosystem. This fund will provide vital support for promising French blockchain projects and will help them gain fame in world markets, ”the code said.
He added that the funds of the fund will be aimed at developing the France internal crypto -ecos system and supporting projects offering innovative digital assets with a strong technological basis and real use scenarios.
The representative of the BPIFRANCE administration said that the bank has practical experience working with cryptocurrency companies and previously invested more than € 150 million ($ 161.7 million) in various international blockchain projects.
Earlier, the French financial markets (AMF) decided to exclude the BYBIT cryptocurrency trading platform from the black list.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
