The Banque de France is advocating for the European Securities and Markets Authority to become the sole regulator for the bloc’s crypto markets to preserve Europe’s monetary sovereignty. Governor François Villeroy de Galhau warned of the threat of dollar-backed stablecoins eroding the euro’s role in global settlements and is advancing projects like Pontes and Appia to develop a wholesale digital euro and integrate tokenized assets within the EU financial system.

Leave a Reply