As reported by AMBCrypto, France’s conservative UDR party introduced a bill on 28 October proposing a national Bitcoin reserve of 420,000 BTC, positioning the country as a potential outlier in EU crypto policy. The bill, which would establish a public institution to manage the reserve, aims to promote euro-backed stablecoins as an alternative to the digital euro. If adopted, France would surpass the U.S. as the largest sovereign Bitcoin holder, with the reserve valued at over $48 billion. The proposal also opposes the EU’s digital euro, calling it a 'centralizing tool,' and suggests funding the reserve through public mining and seized BTC.
France Proposes 420,000 BTC Reserve, Challenging EU's Digital Euro Plans
AMBCryptoShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.