France has presented the newest evolution of its next-generation loitering munition capability, showcasing the MUTANT XL system at the Defense Innovation Forum 2025 held at Paris Expo Porte de Versailles. The system is being developed under the French Larinae program through a partnership between MBDA and Delair. According to Delair, the MUTANT XL is designed […]KNDS has announced two major production milestones for its CAESAR artillery line, marking the rollout of the 450th CAESAR MKI and the 100th CAESAR MKI OCTAVE. The announcement was made by Olivier Bonfils, Director of Industry & Supply Chain at KNDS, who emphasized the achievements as a testament to growing industrial capacity and deep cooperation […]Citrus pound cake is a rich, soft and moist cake that bursts with fresh citrus flavour. This is a simple cake made with basic ingredients like egg, all purpose flour, sugar, butter, orange and homemade candied orange peel. This cake can be enjoyed on its own, but it tastes even better when served with a...
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French forces deployed to the United Arab Emirates completed three days of high-intensity military training in desert conditions, operating Leclerc tanks, CAESAR artillery systems, and VBCI infantry fighting vehicles as part of a broader joint exercise with Emirati partners, according to material released by the French military. The training included maneuver drills, live-fire sequences, and […]At the MILIPOL defense exhibition, KNDS France Robotics introduced a new payload that connects its NERVA-LG ground robot to the broader ecosystem of FPV aerial drones, allowing joint deployment, video integration, and enhanced target identification using AI. KNDS France Robotics has presented a new payload system that allows its NERVA-LG unmanned ground vehicle (UGV) to […]INKAS has officially presented its new M1 Mine-Resistant Ambush-Protected (MRAP) vehicle at Milipol Paris 2025, marking what the company described as a major step in its evolution as a defense manufacturer. The unveiling showcased a platform developed over years of research, engineering, and testing, created in collaboration with the French firm Texelis. According to the […]A threat actor exploited a vulnerability, exfiltrated data, and attempted to extort Eurofiber.
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Ukraine will receive eight SAMP/T medium-range air defense systems from France under a new bilateral agreement, according to a report by Militarnyi. The transferred systems will feature updated and enhanced performance characteristics, including the integration of new-generation Aster missiles. Each system will include six launchers, bringing the total number of launchers pledged to Ukraine to […]Ukrainian President Volodymyr Zelenskyy and French President Emmanuel Macron have signed a joint declaration in Paris aimed at strengthening Ukraine’s long-term defense capabilities and expanding industrial cooperation between the two countries. According to President Zelenskyy, the agreement gives Ukraine access to advanced French military technologies, including the potential purchase of up to 100 Dassault Rafale […]The European Commission is preparing to give the European Securities and Markets Authority sweeping powers over the crypto sector.
If approved, ESMA would become the sole body responsible for supervising all crypto asset service providers in the European Union, reported Bloomberg.
The proposal marks a significant change to how the bloc regulates digital assets, placing oversight in the hands of a central authority rather than relying on 27 national regulators.
This draft plan, expected to be announced next month, comes just months before the full implementation of the Markets in Cryptoassets Regulation.
MiCA, passed in 2023, is set to become the EU’s flagship framework for crypto regulation.
Under MiCA, companies currently only need a licence in one member state to operate across the bloc.
This structure has been the result of years of work by both regulators and firms.
MiCA was designed to provide legal clarity and consistency across the EU.
It allows firms to gain authorisation in a single country and use that to offer services in other EU states. This system is known as passporting.
The goal was to reduce fragmentation and streamline operations for businesses.
But the Commission’s new plan would override this process by giving ESMA direct responsibility for approving and monitoring all providers, regardless of where they are based.
The draft proposal suggests ESMA could delegate tasks back to national authorities when needed.
However, the central point of contact would still be ESMA. This change has raised concerns from those involved in the rollout of MiCA.
With the implementation window closing in 2024, firms and local regulators worry that shifting the framework now could cause delays and confusion.
Critics argue that restarting the discussion around MiCA could undermine legal certainty.
Others say that moving responsibilities to ESMA without enough resources could weaken enforcement.
The proposal still needs support from both the European Parliament and the Council of the EU before it becomes law.
The Commission’s move has not gone unnoticed by crypto industry bodies. Many believe that local regulators are better equipped for day-to-day engagement with firms.
Blockchain for Europe, an industry group, has warned that centralising control at this stage would divert attention from the task of getting MiCA running smoothly.
Some consultants have also pointed out that ESMA would require more staff and funding to take on such a role.
National authorities have already invested heavily in building teams and expertise to meet MiCA’s demands.
Replacing that with a central process could result in delays in licensing and supervision.
ESMA chair Verena Ross said earlier this year that the current structure, with 27 separate supervisors preparing for the same task, may not be the most efficient model.
France, along with EU institutions, has pushed hardest for expanding ESMA’s powers.
In September, regulators from France, Austria and Italy called for ESMA to supervise major crypto firms directly, while smaller companies could remain under national watch.
This idea would create a two-tier system and offer a compromise between full centralisation and local control.
The proposal is part of a wider trend in the EU to centralise financial oversight.
Brussels has also suggested giving ESMA control over clearing houses, trading venues, and depositories.
However, some countries have resisted, arguing that giving up national control could create unnecessary bureaucracy and reduce flexibility.
The urgency of reform increased in July when ESMA raised concerns about Malta’s crypto licensing practices.
The Maltese regulator had issued MiCA approvals to several firms, prompting questions about consistency and due diligence across the EU.
This incident added weight to the argument for a more unified supervisory model.
As the Commission finalises its proposal, the crypto sector remains on edge.
Businesses are waiting to see whether their licensing and regulatory future will remain at the national level or shift entirely to an EU-wide body.
The post Why the European Commission wants to seize control of crypto oversight appeared first on CoinJournal.
Bitcoin Magazine
France Proposes National Bitcoin Reserve, Wants to Buy 2% of Bitcoin Supply
A pro-crypto bill will be tabled today in the French Parliament by the center-right Union of the Right and Centre (UDR) party, led by lawmaker Éric Ciotti, marking the first time such a comprehensive legislative proposal on cryptocurrency has been introduced in France.
The initiative calls for a national Bitcoin Strategic Reserve and aims to position the cryptocurrency as a form of “digital gold” to strengthen financial sovereignty.
The proposed legislation, which is far from approved, would see France aim to acquire up to 2% of Bitcoin’s total supply — roughly 420,000 BTC — over the next seven to eight years, according to the legislation and according to journalist Gregory Raymond.
To manage the reserve, the bill envisions the creation of a Public Administrative Establishment (EPA), similar in structure to France’s gold and foreign-currency holdings.
Funding for the Bitcoin reserve would come from multiple sources. Surplus nuclear and hydroelectric energy would power public Bitcoin mining operations, with adapted taxation for miners to encourage domestic participation.
BREAKING:
— Bitcoin Magazine (@BitcoinMagazine) October 28, 2025
Back in July, French lawmakers submitted a proposal to convert surplus electricity into economic value through Bitcoin mining. The bill outlined a five-year experimental program allowing energy producers to use excess power — particularly from nuclear and renewable sources — for mining.
The July initiative aimed to tackle France’s recurring issue of energy overproduction, as producers were often forced to sell surplus electricity at a loss due to limited storage. The proposal described this as an “unacceptable economic and energy loss.”
This new bill would also allow France to retain crypto seized during legal proceedings, and a quarter of funds collected via popular savings schemes, such as the Livret A and LDDS, would be allocated to daily Bitcoin purchases — approximately 15 million euros per day, or 55,000 BTC per year.
Pending constitutional approval, citizens could also pay certain taxes in Bitcoin.
The bill also emphasizes the use of euro-denominated stablecoins for everyday payments, recognizing them as a credible alternative to traditional payment networks.
Transactions under €200 would be exempt from taxation and social contributions, and payment of taxes in euro stablecoins would be allowed.
The proposal explicitly opposes a European Central Bank-controlled digital euro, arguing that a centralized CBDC could threaten financial freedoms and personal privacy.
To support industry development, the legislation proposes adapting electricity taxation for mining through a progressive excise duty and flexible tariffs for data centers. It also encourages institutional adoption of Bitcoin and other crypto-assets via Exchange Traded Notes (ETNs) and calls for revisions to European prudential rules, which currently impose high risk-weightings on certain crypto-assets, limiting the use of crypto as collateral for “Lombard” loans.
Despite its ambitious scope, the bill faces steep political hurdles. The UDR holds only 16 of 577 seats in the National Assembly, making adoption unlikely without broader support.
This post France Proposes National Bitcoin Reserve, Wants to Buy 2% of Bitcoin Supply first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
A 29-year-old man suspected of laundering the proceeds of drug trafficking was arrested in Neufs (France).
According to the information provided, the defendant created a cryptocurrency mixer at the request of a drug dealer “Drugsource” who made a profit by selling drugs through the “dark web”. It is known that Drugsource has fulfilled more than 3000 orders worth more than USD 1.5 million during its operation.
The investigation into the drug trafficker’s activities began in early September 2020. Law enforcement agencies made a control purchase and were able to obtain the address of the trafficker’s wallet. After analyzing the blockchain, the police came across a 29-year-old man whose account had been used for 14 transactions by the drug dealer. The police were able to find and arrest the accused in September 2022.
The hearing in the case of the 29-year-old defendant was scheduled for January 2023. The defendant claimed responsibility for creating the bitcoin tumbler for Drugsource, but he denied any involvement in drug sales. The court nevertheless acquitted him of drug trafficking charges, but he was facing imprisonment for money laundering on a large scale.
USD 500,000 was confiscated from the offender’s cryptocurrency and bank accounts, and his apartment in Dubai was also seized. The defendant is awaiting sentencing in February 2023 on charges of money laundering obtained from the sale of drugs.
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