France’s National Assembly has voted to allow Insurance companies to include Cryptocurrencies in life insurance contracts with Article 21 Swinging open the door for life Insurance contracts to invest in specialized professional funds (SPF’s) with Article 26 gives the SPF’s the freedom to invest in blockchain-backed assets.
With these two provisions, it is written in black and white that SPF’s can invest in cryptocurrencies like bitcoin. With no cap on the amount of Crypto a life insurance Policy can hold, French locals have a chance to bolster the value of their policies in the bitcoin bull market. Bitcoin didn’t make its way into France’s life insurance market overnight. Policymakers, along side entrepreneurs and companies worked together for more than a year to make the rule change happen.