Bank of France calls for stricter MiCA rules on stablecoin payments

The Bank of France has called for strengthening Europe's Markets in Crypto-Assets (MiCA) regulation regarding stablecoin payments. According to Cointelegraph, Denis Beau, the central bank's deputy governor, argued in a speech that the EU should limit the use of stablecoins for payments, especially those pegged to non-euro currencies. He emphasized that MiCA only partially addresses the industry risks that could arise from the widespread adoption of stablecoins issued by non-European entities. In a related development, French lawmakers are reportedly pushing to implement separate reporting requirements for self-custodial cryptocurrencies.