Luxembourg sets precedent with first eurozone Bitcoin allocation in national fund
PositiveCryptocurrency

Luxembourg has made history by becoming the first country in the Eurozone to invest in Bitcoin through its sovereign wealth fund, allocating 1% of its $730 million fund to Bitcoin exchange-traded funds (ETFs). This significant move, announced by Finance Minister Gilles Roth during the national budget presentation, not only highlights Luxembourg's innovative approach to finance but also sets a precedent for other nations considering similar investments. It reflects a growing acceptance of cryptocurrencies in mainstream finance and could pave the way for more countries to explore digital assets.
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