France Pushes for Crypto Use, Questions ECB's Digital Euro

New French Motion Backs Crypto Use, Questions ECB’s Digital Euro

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 29, 2025

Key Takeaways

French lawmakers are debating a proposal to reject the ECB’s digital euro and instead support euro-backed stablecoins and crypto use;
The motion urges flexible rules for banks handling crypto-assets by calling for updates to the strict 2022 Basel standards;
Though not official policy, reports suggest Ciotti backs France holding 2% of Bitcoin’s supply.

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French lawmakers are reviewing a proposal that could shape the country’s approach to cryptocurrencies.

Introduced by Éric Ciotti from the Union of the Right for the Republic, the proposal recommends that France avoid adopting the digital euro being developed by the European Central Bank.

Instead, it encourages the use of euro-backed stablecoins and greater involvement in crypto-assets.

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The motion also refers to similar actions in the United States. It highlights the GENIUS Act, a US bill that supports stablecoins and opposes central bank digital currencies (CBDCs).

The French proposal asks the government to push for more flexible rules around how banks and financial institutions handle crypto-assets. This includes moving away from the stricter 2022 Basel standards to allow easier use of cryptocurrencies in financial operations.

Although the text does not directly call for the French government to buy Bitcoin BTC $111,415.68 , reports suggest that Ciotti supports holding 2% of Bitcoin’s total supply. This idea follows the example of the US, which has started building reserves of digital assets, often through seized tokens from legal cases.

The proposal outlines three main points: stop the development of a digital euro, support stablecoin use within the eurozone, and update financial regulations to better accommodate crypto-assets.

If accepted, this approach could advance France toward a model that balances innovation with oversight.

The Canadian government is working on new rules for stablecoins, with an announcement likely to be included in next week’s federal budget. What do the rules cover? Read the full story.