A newly passed act in France allows life insurance providers to invest in crypto-currencies and tokens without any limitation on the amount that can be allocated. The Pacte law (Plan d’action pour la croissance et la transformation des entreprises, Action plan for the growth and transformation of enterprises) was adopted this Thursday by French lawmakers according to a local paper. Based on a rough translation, they say a dual provision of the act allows insurers to invest, via specialized professional funds, in crypto-assets. FPCIs (Fonds Professionnel de Capital Investissement, Professional Capital Investment ... (full story)