France Ditches Non-Quantum Safe Encryption

France's cybersecurity agency ANSSI has announced that it will stop certifying security products without quantum-safe encryption from 2027. This decision comes as concerns about the future of cryptography grow, particularly with the emergence of quantum computers that could potentially break modern encryption.

The move is aimed at preventing 'harvest now, decrypt later' attacks, where adversaries collect encrypted data today knowing it can be decrypted in the future with a powerful enough quantum computer. Quantum security firm Project Eleven estimates that such a machine could arrive as early as 2030, putting around 7 million Bitcoin at risk.

The crypto industry is already taking steps to prepare for this eventuality. The Ethereum Foundation has formed a post-quantum security team, and Coinbase's quantum advisory council is urging developers to begin planning migrations to quantum-safe cryptography. However, some industry executives caution that there is no cause for panic, as the smartest minds in the world are actively working on solving this problem.