The Autorité des Marchés Financiers (AMF) has clarified its position on crypto assets in its response to the European Commission's consultation.
Though the French regulator defines any crypto asset as "a digital asset that may depend on cryptography and exists on a distributed ledger," it still thinks it's early for precise classification of such assets.
The French regulator is also concerned with the wide-spread use of stablecoins and pointed out that authorities could ban them if necessary.

Tracy Chen