Recommendation for a 300 billion euro activity limit… Banque de France proposes revisions to virtual asset regulat

Bank of France Governor Emmanuel Moulin proposed revising parts of the EU’s MiCA regulation and making the DLT pilot regime permanent, recommending raising the activity threshold to about €300 billion to clarify the legal treatment and applicable rules for tokenized deposits and stablecoins. Speaking at the ACPR-AMF fintech forum in Paris on October 2, Moulin said innovation and trust must be balanced, with supervision proportionate to risk and no discrimination against operators based on technology. He identified tokenized finance as a key challenge for the next decade. The proposal matters because it signals a push to adapt EU crypto rules to tokenization and stablecoins as adoption grows. Watch for EU legislative follow-up on MiCA amendments and the DLT pilot’s permanence.