The French financial publication Les Echos is reporting that a new law passed on April 11 allows French savers to invest in cryptocurrencies in their “assurance vie” life insurance accounts, which are used mainly as medium- to long-term savings vehicles aimed at retirement.
A French street artist claims an anonymous donor surprised him by tipping 1 BTC—worth around $3,971—Monday night. Paris-based artist Pascal Boyart, who goes by the name “PBoy,” is also a crypto enthusiast and has been adding QR codes with his Bitcoin address for sometime. “He is also the first to have hidden digital currency in his frescoes,” his personal site claims. A perusal of his address’ page on Blockchain.com shows he was only modestly successful, taking in just a couple of hundred dollars worth of bitcoins since November 2017.
A Texas state legislator and a French National Assembly deputy have both called for legal bans on anonymous cryptocurrencies recently.
Cryptocurrency and blockchain enthusiasts were excited about the announcement this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the Congressional Blockchain Caucus. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the Harvard Business Review by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: “Without clear regulations, cryptocurrency innovation in the United States is being stifled.…