The far-right party National Rally in France leads in the first round of elections, which may complicate the country's cryptocurrency policy-making
ChainCatcher news, according to Coindesk, the far-right party National Rally (RN) is leading in the first round of voting in the French elections held on Sunday. The election results may lead to a more polarized new parliament in France between the left and the right, making domestic policy-making, including cryptocurrency policy, uncertain and difficult. Mark Foster, the EU policy head of the Crypto Council for Innovation, stated that this will limit the president's power on the international and European stage.In addition, France has made significant progress in the cryptocurrency sector, registering 74 cryptocurrency companies last year, with expectations that this number will increase to 100. The EU's Markets in Crypto-Assets Regulation (MiCA) will also come into full effect by the end of the year, and France's current cryptocurrency regulations will provide a first-mover advantage for the implementation of MiCA.