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A parliamentary report published today that gathers the consensus of different parties across the political spectrum recommends investing up to 500 million euros in the sector.
In recent times France seems to go into cryptocurrency, after lowering taxes on capital gains, signed joint declarations with other European countries to promote the use of cryptocurrencies and even started selling Bitcoin and Ethereum in local tobacconists.
Today several French media report a parliamentary recommendation to invest up to 500 million euros in blockchain technology over the next three years.
In an interview with local media, Laure de La Raudière, one of the signing gentlemen, gave a sense of urgency to the opportunity: "I draw the alarm: it's time to invest. There are still no established positions in the world& # 39 ;.
He believes that governments should implement blockchain to follow the example of the private sector: "The state could therefore do the same to reduce public spending and be more efficient& # 39;, citing certification of diplomas or administrative documents as potential use cases.
A further implementation case is agricultural activity, in which the PM cites the benefits of decentralization: "Take the example of agribusiness. To have an interesting blockchain in terms of traceability and food safety, it is necessary to bring together distributors, producers, logisticians, industrialists … And do not let only an actor manage the network like Carrefour or Casino can do today& # 39 ;.
De La Raudière believes that blockchain technology has a profound impact potential on change and wants to strengthen the position of his country: "France must have a philosophy of conquest in the matter with the State in the first place, both as a user and as a project federator ". Always from a common European perspective, he endorses the creation of crypto backed by several parties, citing iniciatives from Sweden and Estonia, although it seems reluctant to have the European Central Bank as a supporter.
Further legislative changes suggested in the parliamentary report include the possibility of opening bank accounts for blockchain-focused businesses that need to register with the French Stock Authority for the Stock Market, apparently a change very requested by local companies.
Read more: Can Crypto be the solution for the Yellow Vest Protestants in France? The French financial regulator approved a company funded by the ICO to become wealth manager
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