France Pushes for Tighter EU Curbs on Dollar-Pegged Stablecoins, Steps Up Domestic Crypto Oversight

Denis Beau, First Deputy Governor of the Banque de France, said April 10 (UTC+8) at the EUROFI High-Level Seminar that France's central bank is urging the European Union to toughen payment restrictions under the Markets in Crypto-Assets Regulation (MiCA) for non-euro stablecoins, with a focus on U.S. dollar-pegged tokens. Beau warned that the current framework may fall short in containing the risks associated with broad stablecoin adoption. Separately, on April 7 the French National Assembly approved an anti-fraud bill that would require annual reporting of self-custodied crypto wallets valued above €5,000. The legislation has not yet completed the full legislative process. (Source: ChainCatcher)