Advertisement
Incumbent President Emmanuel Macron won the "second leg" of France's presidential election with a significantly higher vote than his rival Marine Le Pen.
Le Pen lost the double-code race shortly after the vote ended with Macron polling at around 58 percent. This makes Macron the rare sitting president to retain power in a country known for its low re-election rate.
The Macron government has promised to make France a leader in blockchain. But the topic received little attention throughout the race.
In this campaign, traditional issues such as immigration, rising prices and greater Internet access, still receive great attention. Meanwhile, the issue of cryptocurrencies is largely ignored.
Many initiatives in France and Europe in general have encouraged the cryptocurrency industry – such as allowing degrees to operate across the EU market and allowing experimentation with distributed ledger technology.
But the lawmakers also highlighted concerns about the energy consumption of the kind of Proof-of-work (PoW) technology behind Bitcoin (BTC) and the use of anonymous cryptocurrency transactions in illegal activities.
"I think in France and Europe in general, they're focused on risks rather than opportunities – they're focused on protection rather than initiative," faustine Fleuret, managing director at ADAN, said in a statement.
Now all eyes are on the legislative elections in June 2022. This election will determine Macron's control over government ministries.
