Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Macron selected Barnier, who represented the European Union in negotiations over the U.K.'s exit from the trading bloc.French President Emmanuel Macron named Michel Barnier as prime minister to replace Gabriel Attal after the country's snap election in July left no party with overall control of the National Assembly.
Barnier, 73, is the European Union's former Brexit negotiator and is affiliated with the right-wing Republican party. Attal, a 35-year-old from the centrist Renaissance party, resigned shortly after the July 8 election left the left-wing coaltion New Popular Front “This appointment comes after an unprecedented cycle of consultations during which, in accordance with his constitutional duty, the president ensured that the prime minister and the government to come would meet the conditions to be as stable as possible,” Macron’s office
France is the second-largest economy in the 27-nation trading bloc. The EU passed wide-ranging bespoke legislation for crypto, called MiCA, last year. France opened registrations for a license under MiCAin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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