France's Reaction to the Bitcoin Mining Proposal
Resolution on Bitcoin Mining and National Energy Strategy
On June 19, a report from PANews revealed that the French National Assembly rejected a proposed amendment related to cryptocurrency mining activities Bitcoin. The proposal aimed to explore the possibility of utilizing excess electricity from France's nuclear power grid for Bitcoin mining, contributing to the optimization of the national electricity system. However, due to procedural violations, the proposal was not officially discussed as specified in Article 98 of the parliamentary procedure.
Impact of the Decision on Energy Strategy and Cryptocurrency Sector
If this proposal had been approved, France would have become one of the few countries, alongside El Salvador and Bhutan, to integrate cryptocurrency mining into its national energy strategy. Analysts emphasized that the likelihood of submitting similar proposals in the near future will be challenging, as crypto mining is still considered an environmental threat in France. The National Assembly confirmed that this rejection was merely formal, and there is a possibility of presenting more concise amended drafts in the future.
