Paris, Europe Brief News – With only a few days to go before France’s second-round presidential election, initiatives were taken by Macron on Cryptocurrency. The incumbent President, Emmanuel Macron, met with local journalists to discuss the digital economy, which he had previously avoided discussing. To underline its significance, Macron restated his support for European-wide regulation of financial technology.
French magazine The Big Wale had an interview with President Emmanuel Macron on April 22, only two days before the runoff election in which he will face Marine Le Pen. In most surveys, Macron is predicted to win, but the margin of victory is projected to be quite small. As of 2017, he has 66.1 percent of the second-round vote against Le Pen’s 58.3 percent.
Macron on Cryptocurrency – Introducing Technological Advancement
Macron seems delighted that the number of French unicorn firms — private startups valued at $1 billion or more — climbed from three to 26 during his presidency. And that total investments in French startups surged fivefold during his presidency. He also discussed establishing a target of 100 French enterprises with unicorn status and 10 European giants by 2030, with the latter being the goal.
This might be accomplished, according to Macron, by extending code learning in public schools to teach an extra 400,000-500,000 coders over the next five years, according to the French president.
Also, speaking on his prior reference to the “European metaverse,” the president stressed the need for European players not to rely on American or Chinese technology giants to “master the technological building blocks linked with Web3,” as he had previously said. Europe, he said, has a competitive advantage in the non-financial technology industry because of its extensive cultural history. Macron made the following statement:
“Without this revolution, we would be unable to evaluate our cultural strategy.” The development of an NFT strategy by our major cultural institutions, which would include promoting, disseminating, and protecting digital twins or variants of their physical collections, is something I hope will happen.”
Also Read: 4 Effective Ways of Finding New Crypto Coins
Crypto Laws Passed
Commenting on the recent crypto laws passed by the European Parliament, Macron on Cryptocurrency expressed support for the present approach (and notably for the MiCA framework), emphasizing that the new restrictions should not stifle innovation:
“I do not believe in a financial industry that is self-regulating. This would be neither environmentally friendly nor democratic. It is the responsibility of the public authorities to create the appropriate circumstances that will enable the sector to flourish in confidence while also fostering innovation.”
The 44-year-old lawmaker also expressed his support for the digital euro initiative, which has lately come under fire from the general people in Europe.
