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French Lawmakers Propose Ban on Digital Euro, Back Stablecoins and Crypto Investments
Lawmakers led by Éric Ciotti have submitted a resolution to block the European Central Bank's digital euro initiative, citing privacy and centralization concerns. The proposal supports euro-denominated stablecoins and increased investment in crypto-assets. It references the U.S. GENIUS Act as a regulatory model and calls for France to advocate a European prudential framework allowing deviations from Basel standards. A separate legislative text addresses EU-level measures to position France within a new monetary order embracing Bitcoin and cryptocurrencies.
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