France's National Assembly has adopted a resolution against the European Central Bank's proposed digital euro. The move supports Bitcoin and euro-denominated stablecoins as alternatives. This decision could influence Europe's monetary policies.
Lawmakers in France's National Assembly have taken a significant step by adopting a resolution that opposes the introduction of the European Central Bank's (ECB) proposed digital euro. This resolution endorses Bitcoin and the use of euro-denominated stablecoins as alternative options.
The action highlights a bold stance from French legislators, potentially reshaping discussions on Europe's monetary direction. By rejecting the digital euro, the resolution signals concerns over centralized digital currencies while favoring decentralized alternatives like Bitcoin. Euro-denominated stablecoins, which are pegged to the euro, are positioned as viable substitutes that maintain stability without the perceived risks of a fully digital central bank currency.
This development comes amid ongoing debates in the European Union about digital finance. The National Assembly's decision underscores a preference for innovation in cryptocurrency over new forms of fiat digital money. No specific timeline for further actions was mentioned, but the resolution sets a precedent for national resistance to ECB initiatives.