France’s Rassemblement National (RN) party is supporting a plan to mine Bitcoin
$114,415.95
using leftover energy from the country’s nuclear power plants.
Marine Le Pen, who leads RN, showed her support for the project during a visit to the Flamanville nuclear plant on March 11.
In 2016, she opposed cryptocurrencies by warning that moving away from physical money would take control away from citizens and hand it to global financial institutions.
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The new proposal has been introduced in the French Parliament by RN lawmaker Aurélien Lopez-Liguori. His plan suggests installing Bitcoin mining equipment at locations run by Électricité de France (EDF), the state-owned energy company.
Lopez-Liguori noted that unused electricity should be put to use rather than wasted. He argued that turning extra energy into Bitcoin could bring practical benefits.
France produces a large amount of electricity through nuclear energy, and sometimes the supply exceeds demand. Rather than let this extra power go unused, RN sees Bitcoin mining as a possible solution.
However, Jean-Philippe Tanguy, who handles RN’s financial policies, stated that the party should continue to support a centralized financial system and warned that promoting independent digital currencies like Bitcoin may not align with RN’s goals.
Meanwhile, Residents near Granbury, Texas, have been dealing with constant noise from a nearby Bitcoin mining facility, owned by MARA Holdings. What did they say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
