TechFlow news, according to Coindesk, the French far-right political party National Rally (RN) led in the first round of France's general election held on Sunday. This election outcome could result in a more polarized French parliament between left-wing and right-wing factions, creating uncertainty and difficulty in shaping domestic policies, including cryptocurrency regulations. Mark Foster, Head of EU Policy at the Crypto Council for Innovation, said this would limit the president's power on international and European stages.
Additionally, France has already made significant progress in the cryptocurrency sector, registering 74 crypto firms last year, with expectations that this number will rise to 100. The EU’s Markets in Crypto-Assets Regulation (MiCA) is also set to fully take effect by the end of the year, and France’s existing cryptocurrency regulations will give it a first-mover advantage in implementing MiCA.
