New French law allowing life insurers to offer investments in cryptocurrencies
The French government is taking up the trend to allow for diversification of institutional investors’ portfolios (including public investors like insurance funds). This reaffirms that crypto-assets are here to stay and step-by-step become part of mainstream finance.
From the perspective of Deriveum this decision by the French authorities underlines the very prudent approach we have towards B2B transactions and backing of private contracts with self-executable collateral. Further unlike most other crypto-assets we will run fully transparent market, will undertake screening of users for the purposes and anti-money laundering and terrorism financing legislation, and will provide the information to the law-enforcement agencies upon request.
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