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France’s cultural institutions must develop an NFT policy and support Web3 innovations, the French president said in an interview.
French President Emmanuel Macron, who wants to win this year’s elections in a second round against the far-right leader Marine Le Pen, believes that Web3 and the metaverse offer a great opportunity for the promotion of culture and creative content.
Web3 presents a “necessity and opportunity”
In a Interview with a local media house, Macron highlighted the potential benefits of the digital revolution, including the place of the metaverse in the development of cultural policies.
„The metaverse has enormous potential for culture and leisure, thanks to its applications in music, concerts, art exhibitions, etc. We cannot look at our cultural policy without this revolution“, he noted.
France, he added, has a unique opportunity to have its way of life – language, heritage, monuments and cities – in the metaverse. Adding them to the metaverse will be a “digital historiography” creating the collective history of France, he said.
According to him, it is important that France’s main cultural institutions formulate an NFT policy that will help to promote and protect actors within the space.
Overall, Macron says that Web3 „it is a necessity and an opportunity that cannot be should be missed“. It is an opportunity that France and Europe should seize if they want to become leaders in the future of the Internet.
The MiCA Regulation
The French president’s comments come a few weeks after the European Parliament voted on the restrictive regulation of the markets for crypto assets (MiCA). The EU legislator adopted in March introduced in 2020 Regulation that aims to cover crypto assets that are not covered by the existing financial regulations.
Commenting on the move, Macron noted that while France supports innovation, regulations are crucial as they become a “Uniformity of rules“ lead. This would provide Europe with the necessary basis to “creating a single market“.
„I am in favour of rapid progress on the MiCA Regulation based on the balanced approach promoted by the Council and inspired by the French framework“ he said.
The French leader also reiterated his conviction that regulation would not harm innovation.
„France will pay close attention to the fact that the text does not prevent innovation and remains as neutral as possible in terms of technology“he told the French media.
In his opinion, the success of Ledger and Sorare (two of France’s leading financial technology startups) is a clear signal of this intention.
In other remarks, Macron said that he wants Europe to take the lead in the revolution of the digital age and that Europe is not dependent on the US and China.
Such news generally boosts crypto prices and motivates the purchase of cryptocurrencies!
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