France is urging the European Union to tighten regulations on non-euro stablecoins, particularly those pegged to the U.S. dollar, amid their growing presence in Europe. Denis Beau, First Deputy Governor of the Banque de France, highlighted the need for enhanced payment restrictions under the Markets in Crypto-Assets Regulation (MiCA) during the EUROFI High-Level Seminar. Beau expressed concerns that current measures may not sufficiently mitigate the risks associated with the widespread adoption of stablecoins. In a related development, the French National Assembly has passed an anti-fraud bill mandating annual reporting of self-custodied crypto wallets valued over €5,000. However, this bill is still undergoing the legislative process and has not yet been finalized.