MiCA regulation revision : the French authorities publish their joint proposals - Banque de France

French authorities have published joint proposals for revising the Markets in Crypto-Assets (MiCA) regulation, according to a notice from the Banque de France. The publication signals that France's official sector is engaging directly with the question of how the EU's flagship crypto framework should evolve, rather than treating the current text as final.

The proposals matter because MiCA is still in its early implementation phase. A revision process could touch on how crypto-asset service providers are supervised, how stablecoin issuers are treated, and how rules are applied consistently across EU member states. National authorities such as the Banque de France often shape these debates early, and joint proposals from French institutions carry weight in Brussels discussions.

For market participants, the key takeaway is that the regulatory framework for crypto in Europe remains a moving target. Firms operating under MiCA may face adjustments as the revision debate develops. What to watch: the specific content of the French proposals, how other national regulators and EU bodies respond, and whether the European Commission signals an official legislative timetable. Until then, the direction of travel is clearer than the detail.