French state-owned bank Bpifrance sets up 25 million euro fund to invest in cryptocurrency

PANews March 28th news, according to Reuters, French state-owned investment bank Bpifrance plans to invest up to 25 million euros (about 26.95 million US dollars) to buy niche cryptocurrencies to support France's cryptocurrency projects. This is the first time that Bpifrance has set up a special fund to buy cryptocurrencies directly. The bank has previously invested 150 million euros in blockchain projects, but only involved "small" investment in cryptocurrencies.