France: Bitcoin Disrupts France’s Massive $2.5 Trillion Life Insurance Market

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If you’re wondering if bitcoin will ever attain wide-scale adoption, look no further than France. French insurance companies can soon include cryptocurrencies in life insurance contracts, thanks to a vote by France’s National Assembly. Deputies overhauled the Insurance Code via the Pact Act, with Article 21 swinging open the door for life insurance contracts to invest in specialized professional funds (SPFs), whose investment parameters have reportedly been “relaxed” as a result of yet another provision. Article 26 gives the SPFs the freedom to invest in blockchain-backed assets.

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