Holdings of cryptocurrencies can be reassured. A new decree, which is expected to be enforced in the course of 2026, will protect their assets much better than in other countries. As BFMTV reminds us, there is already the European regulation Mica. It is included in an ordinance from October 15, 2024, which protects the property of cryptocurrency holders, but without specifying the practical application procedures.
This European regulation will only be applicable in France upon the publication of the famous decree, proposed by the High Legal Committee of the Paris Financial Center (HCJP). This committee aims to continue protecting owners. Indeed, despite Mica, the bankruptcy of a crypto platform makes it difficult for users to recover their funds. But this decree could protect them from that, being considered as owners.
Is French law more protective than others?
The ownership of cryptocurrencies is expected to be established even before its registration is reflected in the blockchain. According to Hubert de Vauplane, partner at Morgan Lewis, French law is “undoubtedly one of the most protective in the world for investors in crypto-assets”, he confides to our colleagues. It must be said that, for now, only two other countries have integrated the blockchain into their law: Luxembourg and Germany.
