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French state bank Bpifrance builds fund to buy cryptocurrencies
France's state-owned investment bank, Bpifrance, plans to spend up to 25 million euros ($26.95 million) on little-known cryptocurrencies in a bid to support France's crypto businesses, it said on Thursday. The bank has previously spent 150 million euros on investments in blockchain-related projects, including "limited amounts" of investments in cryptocurrencies, but this is the first time it has created a fund specifically to buy cryptocurrencies directly. Instead of purchasing large cryptocurrencies such as bitcoin, the fund will be targeted towards buying smaller newly-created tokens issued by French projects, ... (full story)
