Macron, Le Pen, Biden or Johnson: world leaders for or against ‘crypto’

The cryptocurrency market and the policies that the candidates for the French presidential elections this April 24Emmanuel Macron and Marine Le Pen, will apply to the crypto industry have had some relevance in the election campaign.

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An IPOS survey shows that approximately one in five people (18%) believe that cryptocurrency-related issues will influence the outcome at the polls.

Under the presidency of Emmanuel Macron, France is a pro-crypto countryin the opinion of Changpeng Zhao, CEO of Binance, with a positive attitude towards the crypto-asset sector.

The Far-right candidate Marine Le Pen has not yet made her position on crypto very clear. Digital assets and the underlying technology do not seem to be a priority for the leader and her party.

World governments are torn between the growth opportunity for numerous industries from blockchain technology and the threat to traditional finance they see in these assets. Who is for and who is against?

USA

US President Joe Biden signed an executive order on cryptocurrencies with a positive approach towards the regulation of digital assets. He has admitted that cryptocurrencies “are here to stay.”

Donald Trump, former US president, however, went so far as to describe bitcoin as a “scam” designed to damage the dollar.

China

The world’s second largest economy, under Xi Jinping, has outright banned crypto activities within its borders as it continues to develop its own digital currency.

United Kingdom

British Prime Minister Boris Johnson and his administration have taken a turn towards adopting blockchain and ‘crypto’. In a recent speech, he stated that “the government is open to cryptocurrency business.” Additionally, it will mint its own non-fungible token (NFT).

Germany

German Chancellor Olaf Scholz sees cryptocurrencies as dangerous and does not endorse private crypto assets.

spain

The Spanish Government, under the presidency of Pedro Sánchez, has tightened the fence on money laundering and taxation of the holders of ‘cryptos’, while regulating the activities of companies that offer services related to cryptocurrencies. He has been a pioneer in controlling advertising related to crypto assets in the media and social networks.

Canada

The government of Justin Trudeau enacted the Emergency Law that prohibits donations in cryptocurrency due to the truckers’ strikes that the country suffered in February 2022. As a consequence, crowdfunding platforms and cryptocurrencies are regulated by the Financing Law of the Terrorism.

Australia

Australian Prime Minister Scott Morrison supports cryptocurrencies and believes they will have a major impact on the payment system and standards in the country.

Brazil

The president of Brazil, Jair Bolsonaro, has declared that he does not know what bitcoin is and has canceled a cryptocurrency project for the use of the indigenous population.

South Africa

South African President Cyril Ramaphosa has called on African governments to consider creating a single digital currency for the continent. His government has launched a regulation to monitor crypto ATMs and transactions with these assets.

South Korea

South Korean Prime Minister Lee Nak-yeon has warned that cryptocurrencies can corrupt the country’s youth.

The Savior

Salvadoran President Nayib Bukele has gone down in history because, under his mandate, the Central American country has been the first to adopt bitcoin as its official currency and has promoted all kinds of laws to make the country a world center for cryptocurrencies.

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