French President Macron Supports Blockchain Innovations but Vows for Regulations

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French President Macron Supports Blockchain Innovations but Vows for Regulations
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Emmanuel Macron, the French president, bidding for his second term, promised to introduce tax policies and funding programs that are friendly to the tech sector.

The French president has been known for his ambition of making the country a “startup nation” that is friendly to new technologies and appealing to talents and capital. When campaigning for his second bid for the presidency, Emmanuel Macron expressed his favorable opinions toward Web 3.0 and the Metaverse while maintaining that regulation led by public authorities is necessary for ensuring the sector’s long-term success.

Saying that France has historically been a strong player in digital gaming, with numerous talents working in the Metaverse and blockchain technologies, Macron advocated an ideal called the “European Metaverse.” By building technological infrastructure essential for the next generation of the Internet, Europe could become the central player in the Metaverse.

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