France eyes Bitcoin mining as means to manage energy
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A group of lawmakers has set out to make France consider Bitcoin mining, particularly as a means to manage its massive electricity system and strengthen its energy sovereignty. A legislative proposal to that end has been put forward in Paris, and its authors hope the government will accept to assess the potential of crypto-related activity in other areas as well. While countries around the world have either tried to suppress cryptocurrency mining, as was the case with China a few years ago, or let it grow, like the United States, for example, France is yet to make up its mind about the industry and what it wants from it. France trying to find its place in the crypto mining space Several members of the French parliament have decided to speed up the decision-making process in Paris. They are now suggesting the country should estimate the potential of Bitcoin mining, at least as a tool to improve the management of power generation. France may well be taking a step toward the pro-mining camp, the French crypto news outlet Journal du Coin noted in an article on Saturday. The piece is devoted to the lawmakers’ attempt to trigger a debate on the matter in the National Assembly. On Friday, the group of parliamentarians presented a draft amendment to the law on “National programming and regulatory simplification in the energy sector” that requires the government to assess if France needs to develop domestic Bitcoin mining and report back to the legislature. The key goal of the motion is to study whether the minting of digital currencies could be employed as a means to better manage the EU nation’s electricity system, the largest in Europe. The sponsors of the bill elaborated: “This amendment aims to objectify, through an evaluation report submitted to the Parliament,…
Filed under: News - @ June 14, 2025 2:29 pm