Banque de France Governor Seeks €300 Billion DLT Pilot Ceilings

Banque de France Gov. Emmanuel Moulin urged EU policymakers to make the bloc’s distributed ledger technology (DLT) Pilot Regime permanent and raise its activity ceilings to around €300 billion, proposing changes to the framework for tokenized financial markets. Moulin made the recommendations at the ACPR-AMF Fintech Forum in Paris on Oct. 2, 2026. He chairs the Autorité de contrôle prudentiel et de résolution (ACPR); AMF stands for Autorité des marchés financiers. Under his proposal, the regime could become permanent through the EU’s Market Integration and Supervision Package (MISP). The regime covers market infrastructures that use distributed ledger technology.