Share this article
French Presidential Hopeful Calls for Bitcoin Ban
The head of a major political party in France has effectively called for a ban on bitcoin in the European country.
By Stan Higgins
Updated Dec 10, 2022, 2:41 p.m. Published Jun 7, 2016, 3:23 p.m.
The head of a major far-right political party in France has called for ending the use of bitcoin and other digital currencies in the European country.
In a notehttp://www.frontnational.com/2016/05/les-monnaies-virtuelles-non-a-lalienation-des-citoyens-programmee-par-lue/ published last last month, Marine Le Pen, leader of the National Front and its expected candidate in the 2017 French presidential election, accused world leaders of seeking to create a world with no cash and positioned bitcoin as an effort fueled by Wall Street power brokers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Le Pen wrote:
"The powerful business lobby Wall Street banks (JP Morgan, Goldman Sachs) relayed by the World Economic Forum in Davos in 2016, sold two ideas to states and institutions like the EU: virtual currencies or cryptocurrencies (the best known is the bitcoin) and a cashless society."
Le Pen went on to write that her party believes that a currency is a "national public good, given [to] the sovereign people", and that the digitization of money will result in broader financial monitoring by the world’s governments.
"Therefore, in the context of the implementation of its model of economic patriotism, [the National Front] will prevent the use of cryptocurrencies such as bitcoin in France," she wrote.
Whether the National Front, which maintains a small presence in the country’s legislature, could enact this policy goal remains to be seen.
suggest that the National Front could capture a significant number of votes in the presidential election, with the first round set for April of next year followed by a run-off in May among the top two candidates.
Le Pen is expected to face off against sitting French president Francois Hollande as well as Nicolas Sarkozy, the former president of France who was unseated by Hollande in 2012.
Image Credit: Frederic Legrand - COMEO / Shutterstock.com
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
StraitX to debut Singapore and U.S. dollar stablecoins on Solana for quick currency exchange
The debut will enable instant swaps between SGD and USD on Solana, facilitating digital forex trading.
What to know:
- StraitX is looking to debut its XSGD and XUSD stablecoins on Solana in early 2026.
- The debut will enable instant swaps between SGD and USD on Solana, facilitating digital forex trading.
