The French President supported blockchain innovations and promised to impose regulation

Emmanuel Macron intends to strengthen Europe's competitiveness in the metaverses and to accelerate its technological independence from American and Chinese giants

23.04.2022 - 09:20

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What's new? During his second presidential campaign, the current French president, Emmanuel Macron, expressed his favorable attitude toward Web 3.0 and metaverses. At the same time, he said that government-led regulation is necessary to ensure the long-term success of this sector. Macron intends to strengthen Europe's competitiveness in the metaverses, as well as to accelerate its technological independence from American and Chinese giants. He spoke about this in an interview with The Big Whale.

Information on The Big Whale website

What else does Macron talk about? He supported the MiCA (Markets in Crypto Assets) bill passed in the European Parliament. According to the French president, the crypto sector should not be self-regulated.

“We now have to ensure the uniformity of rules on the European territory to create a unified market. Given this context, I am in favor of making rapid progress on the MiCA regulation.”

What is known about MiCA? The legislation aims to regulate all digital currencies not covered by existing regulations. It aims to help streamline the regulation of distributed ledger technology (DLT) and virtual assets in the European Union while protecting users and investors.

What had happened before? In March, the Committee on Economic and Monetary Affairs of the European Parliament (ECON) adopted a bill on the regulation of cryptocurrencies. 45 members of Parliament participated in the vote, with 5 voting against it and 7 abstaining.

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