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French President Emmanuel Macron advocates a European metaverse and regulated cryptocurrencies

Alex Coin
April 23, 2022
Reading Time: 4 mins read
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Two days before the second round that would ratify him or not in the presidency, Emmanuel Macron spoke about cryptocurrencies, NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). and supported the MiCA regulation and the project of a digital euro.

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France’s current president, Emmanuel Macron, has long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. spoken out on Blockchain, technology he thinks canponer a Francia a la vanguardia de la innovación. Since 2017, when he was elected – being the youngest president of that European country – he has been recognized as a liberal and even photographed himself with a wallet a place where cryptocurrency users can store, send and receive digital assets. Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. de hardware .

In two days, this Sunday, April 24, Macron is set to go to the second round of the presidential elections, where he competes with the right-wing candidate, Marine Le Pen, but he seems to have the lead, according to the polls. This would ratify him a new presidential term until 2027.

In the days leading up to the vote, he sat down with local media to share his thoughts on the digital economy, a topic he’s talked about much less than expected in recent years.

In response to a series of questions about the digital economy, Web 3.0 and cryptocurrencies, asked by the media outlet The Big Whale.

Cuando le preguntaron por la Web 3.0, el presidente expresó:

“Representa un requisito, así como una oportunidad que no debe perderse. La oportunidad para Francia y Europa de liderar las futuras generaciones de la web. Francia tiene los recursos y los talentos para ello. En un mundo donde la evolución tecnológica precede a la dominación económica, es fundamental mantener nuestros trabajos y nuestra independencia. Pero también es un desafío social y societario: el ritmo de la aceleración tecnológica ya es una gran fuerza centrífuga en nuestras sociedades entre quienes dominan los códigos de la tecnología digital, la IA, la cuántica, la cadena de bloques… y todos los que están excluidos. Y son muchos de ellos. Tenemos que asegurarnos de que la tecnología permanezca al servicio de la sociedad y del progreso”.

Unicorns grew up

According to the interview, Emmanuel Macron is pleased with the growing number of French unicorn companies – private startups valued at $1 billion or more – which increased from 3 to 26 during his presidential term, while overall investments in French startups increased fivefold. He also mentioned setting the bar at 100 French companies with unicorn status and 10 being European giants by 2030.

One way to do that, Macron said, would be to expand learning to code in public schools to train an additional 400,000 to 500,000 developers over the next five years.

“If the French trust a trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. me, we will generalize the learning of code the action of coding is to write programming statements for a program. and digital digital technologies are these electronic tools that have the ability to generate, store or even process data. uses from the 5th grade,” promises @EmmanuelMacron
en una entrevista con los (muy jóvenes) medios especializados·.

“If the French trust me, we will generalize the learning of code and digital uses from the 5th”, promises @EmmanuelMacron in an interview with the (very young) specialized media@TheBigWhale_ @gregory_raymond https://t.co/XECwgcvBWy

– Romain Herreros (@Romain_Herreros) April 21, 2022

European metaverse

The president also referred to “European metaverse”, saying that it is important for European players not to depend on American or Chinese tech giants to “master the technological components associated with Web3”.

“Building a European metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. also means producing, promoting and mastering our cultural and creative content. The metaverse has a huge potential in culture and entertainment through its applications in music, concerts, art exhibitions, etc. We cannot consider our cultural policy without this revolution.

Europe, he said, has an advantage in the NFT sector due to its immense cultural heritage. Macron said:

“We cannot consider our cultural policy without this revolution. I want our major cultural institutions to develop an NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. policy, by promoting, disseminating and protecting the digital twins or variations of their physical collections.

He also added specifically about a French metaverse:

“Finally, France through its language, heritage, cities, towns, villages and monuments must also exist in the metaverse. If only we could think of what could be a dematerialized museum of the history of France in this universe: what a great project it would be to think of a digital historiography of our collective history”.

Crypto Regulation

Commenting on the European Parliament’s recent crypto regulations, Macron supported the current approach (and specifically, the framework of Regulation of Cryptoasset a cryptoasset is any digital asset that uses cryptographic technologies to maintain its operation as a currency or decentralized application. Markets, MiCA, of the European Commission ). He pointed out that the new rules should not hinder innovation:

“I do not believe in a self-regulating financial sector. This would be neither sustainable nor democratic. It is up to public authorities to define the right conditions to allow the sector to develop with confidence while encouraging innovation.”

The politician also openly supported the digital euro project, which has recently been rejected by citizens.

He concluded that if elected he will continue to defend technology:

“It would be absurd to oppose the transformations, but we have the duty to accompany and train all our citizens to master them”.

Sources:The Big Whale a term used to describe investors who have uncommonly large amounts of crypto, especially those with enough funds to manipulate the market., Cointelegraph , Twitter, archivo

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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