16 April 2019 11:04, UTC

The French government is seriously aiming at making a serious commitment to the development of blockchain technology. Finance minister Bruno Le MAIRE stated this in his interview with TrustNodes before his speech at the Paris Blockchain Conference. He noted that the government intends to allocate investments in the amount of about 4.5 bln euros in the upcoming years.





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According to the minister, the French governmentInvestments will be provided gradually over the next five years to make the country a global leader in the blockchain sphere, aiming to compete withThe minister also spoke about creating an increasingly friendly atmosphere for crypto projects in terms of regulations. Loi Pacte created the legal framework for token issuers, and France's 2019 Finance Act saw a new ruling on capital gains tax concerning crypto assets: the tax rate was reduced from 36 to 30%. The Finance minister expects these steps to make France more attractive in terms of investments in the growth of crypto projects.Read the best crypto news analysis here! bitnewstoday.com Bitcoin, investments, regulation and other cryptocurrencies