From: Finance Magnates
From warm welcomes to high surveillance, cryptocurrency is attracting government attention everywhere.
On Friday, the French government approved the use of blockchain technology by banks in an effort to improve its reputation as a center of financial innovation, according to a report from Reuters.
Specifically, companies are now allowed to trade unlisted securities with blockchain technology. “The use of this new technology will allow fintech firms and other financial actors to develop new ways of trading securities that are faster, cheaper, more transparent and safer,” Finance Minister Bruno Le Maire said in a statement.