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<ul>
 <li>France targets stablecoins while expanding oversight of private crypto holdings</li>
 <li>New reporting rules could reshape transparency across decentralized asset ownership</li>
 <li>European regulators push tighter controls as dollar-backed stablecoins dominate globally</li>
</ul>
France is intensifying its regulatory approach to digital assets as policymakers move to tighten oversight on stablecoins while also expanding transparency requirements for privately held crypto assets across the country, reflecting a broader shift in how authorities manage financial innovation. 
<a href="https://www.bis.org/review/r260331b.htm" rel="noopener noreferrer nofollow">According to Denis Beau</a>, First Deputy Governor of the Bank of France, regulators are increasingly concerned about the growing role of non-euro stablecoins, especially as their use in payments continues to expand across borders and financial systems. 
He explained during a recent policy discussion that the current framework under the European Union’s Markets in Crypto-Assets Regulation may not be sufficient to fully address the risks associated with rapid adoption and the influence of foreign-backed digital currencies. 
Also Read: <a href="https://36crypto.com/satoshis-80b-bitcoin-may-be-gone-forever-former-ripple-cto-drops-bombshell/" rel="noopener noreferrer nofollow">Satoshi’s $80B Bitcoin May Be Gone Forever, Former Ripple CTO Drops Bombshell</a> 
<h2 id="bank-of-france-pushes-for-stronger-stablecoin-restrictions">Bank of France Pushes for Stronger Stablecoin Restrictions</h2>
Moreover, Beau highlighted that foreign-backed stablecoins, particularly those linked to the US dollar, already dominate nearly 98% of the global market, which raises concerns about monetary sovereignty and financial stability within the eurozone. 
Consequently, French regulators are advocating for tighter limits within the MiCA framework, as they aim to reduce reliance on non-euro digital currencies while reinforcing the role of European financial systems and infrastructure. 
At the same time, policymakers are exploring alternatives such as tokenized settlement systems and central bank-backed digital currencies, which could provide more controlled and regionally aligned payment solutions. 
<h2 id="france-expands-oversight-as-stablecoin-concerns-intensify">France Expands Oversight as Stablecoin Concerns Intensify</h2>
In parallel, <a href="https://x.com/gregory_raymond/status/2041828321743266103" rel="noopener noreferrer nofollow">French lawmakers</a> are advancing domestic measures that aim to strengthen oversight of crypto assets held outside centralized platforms, reflecting a growing focus on closing regulatory gaps across decentralized finance environments. 
The National Assembly recently approved a provision that would require individuals to report self-hosted wallets if the total value exceeds €5,000 on an annual basis, although the measure still needs to complete the legislative process. 
This proposed reporting requirement represents a notable shift in regulatory strategy, as it brings privately controlled wallets under closer scrutiny while also aiming to improve tax compliance and reduce the risk of undisclosed financial activity. 
<h2 id="reporting-rules-raise-enforcement-and-privacy-questions">Reporting Rules Raise Enforcement and Privacy Questions</h2>
Additionally, regulators believe that increasing visibility into self-custodied assets could strengthen enforcement capabilities, particularly in cases involving cross-border transactions and complex digital asset movements across multiple platforms. 
However, the proposal has generated debate among <a href="https://36crypto.com/telegram-founder-pavel-durov-arrested-in-france-sparks-international-tensions/" rel="noopener noreferrer nofollow">policymakers and industry participants</a>, as critics argue that enforcing such requirements may present technical limitations while also raising concerns about user privacy and data protection. Despite these concerns, French authorities appear committed to advancing stricter controls, especially as part of a broader European strategy that seeks to balance financial stability with continued innovation in the digital asset sector. 
Meanwhile, these developments come just ahead of Paris Blockchain Week, where global industry leaders and regulators are expected to gather, with reports indicating that President Emmanuel Macron may address the event. France is reinforcing its crypto regulatory framework through coordinated European advocacy and domestic legislation, signaling a sustained shift toward tighter oversight as digital asset markets continue to evolve. 
Also Read: <a href="https://36crypto.com/xrp-ledger-handles-massive-surge-as-bots-flood-dex-with-hidden-liquidity-today/" rel="noopener noreferrer nofollow">XRP Ledger Handles Massive Surge as Bots Flood DEX With Hidden Liquidity Today</a> 
The post <a href="https://36crypto.com/france-tightens-crypto-rules-as-stablecoin-limits-and-wallet-oversight-expand/" rel="noopener noreferrer nofollow">France Tightens Crypto Rules as Stablecoin Limits and Wallet Oversight Expand</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

France Tightens Crypto Rules as Stablecoin Limits and Wallet Oversight Expand

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