As reported by Atlas21, the UDR party in France, led by Eric Ciotti, is preparing a legislative proposal to establish a national Bitcoin reserve of 420,000 BTC, equivalent to 2% of the total circulating supply. The bill outlines a 7–8 year plan to build the reserve through government purchases, public mining using renewable energy, and confiscation of seized cryptocurrencies. It also promotes the use of euro-denominated stablecoins and seeks to ease MiCA regulations, while opposing CBDCs. The proposal includes favorable tax and energy policies for mining and allows Bitcoin as collateral for bank loans. However, the bill faces slim chances of approval due to the UDR’s limited parliamentary representation.
France Proposes National Bitcoin Reserve of 420,000 BTC
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