Éric Ciotti of the Union of the Right for the Republic led the charge with a motion to ban CBDCs and promote stablecoins in France.
Lawmakers in France will review a proposal that may have significant implications for the country’s adoption of digital currencies, from stablecoins to Bitcoin (BTC).
In a motion for a resolution introduced on Wednesday, Éric Ciotti of the Union of the Right for the Republic led a proposal for France’s national assembly to ban the digital euro, potentially being pioneered by the European Central Bank, and instead promote “the dissemination of euro stablecoins and investment in crypto-assets.”
The motion cited the US’s efforts to ban central bank digital currencies (CBDCs) and promote stablecoins through the GENIUS Act signed into law in July.
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