French Minister of Finance: Blockchain Is a Government Priority
Marie Huillet's original article for cointelegraph.com reduced by 51%
France's Minister of Economy and Finance, Bruno Le Maire, has stated that blockchain technology is a priority for his country's government. Le Maire made his remarks during an interview with French economics and business magazine Capital on April 15, ahead of the Paris Blockchain Week Summit from April 16-17. As proof of France's commitment to the nascent sector, Le Maire revealed that the state plans to invest 4.5 billion euros in breakthrough innovations - including blockchain - in a bid to fight Chinese and American technological dominance.
Aside from funding, he underscored the blockchain regulatory progress heralded by the PACTE Act, which was passed by the French National Assembly earlier this week. Looking ahead to the agenda for the rest of 2019, Le Maire said the government had identified new areas of focus for its blockchain policy. These reportedly include the implementation of blockchain in French industrial sectors, funding innovative blockchain projects and supporting these projects in regard to legal and regulatory issues.
The minister proposed that France's crypto taxation system offers a robust and transparent accounting framework specific to the new sector.
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