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France tightens regulation of crypto assets and stablecoins in response to the growth of dollar-pegged stablecoins in Europe
ME News Report, April 10 (UTC+8), France’s First Deputy Governor of the Central Bank Denis Beau stated at the EUROFI high-level seminar that the French central bank is pushing the European Union to strengthen the payment restrictions on non-Euro stablecoins under the Markets in Crypto-Assets Regulation (MiCA), especially targeting dollar-pegged stablecoins. Beau pointed out that existing regulatory measures may not be sufficient to address the risks brought by the widespread adoption of stablecoins. Meanwhile, the French National Assembly passed a anti-fraud bill on April 7, which proposes requiring annual reports for self-custodied crypto wallets holding over 5,000 euros, but the bill has not yet completed the legislative process. (Source: ChainCatcher)