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28/10/25 08:24 UTC-04

France introduces a bill to create a strategic Bitcoin reserve

  • The bill proposes the creation of a national Bitcoin reserve of 420,000 BTC over a period of 7–8 years.
  • Funding is expected to come from state-run mining and the use of surplus nuclear and hydroelectric energy.
  • The document also includes provisions to support euro stablecoins and reform the taxation of mining.

France could become the first European country to officially include Bitcoin in its national reserves. According to the bill presented today to parliament by the Union de la Droite Républicaine (UDR) party, led by Éric Ciotti, the government would establish a public administrative agency (EPA) to manage the strategic Bitcoin stockpile.

The proposal envisions purchasing and mining 2% of all existing bitcoins — roughly 420,000 BTC over 7–8 years. Journalist Grégory Raymond called it “the first comprehensive cryptocurrency-related bill in France’s history.”

“The goal is to create a form of national digital gold to diversify currency reserves and strengthen the country’s financial sovereignty,” the text published by Raymond on X states.

How the Bitcoin reserve will be funded

The main source of funding would be public Bitcoin mining using excess nuclear and hydro power, alongside tax incentives for miners.
Additionally, the plan includes:

  • Allocating part of funds from Livret A and LDDS government savings accounts for daily BTC purchases (around €15 million per day);
  • Retaining confiscated bitcoins instead of auctioning them off;
  • Considering tax payments in BTC, pending constitutional approval.

Support for stablecoins and MiCA reform

The bill also aims to promote euro-denominated stablecoins, proposing to allow payments of up to €200 per day without taxes or social charges.
The authors call for loosening MiCA regulations to make it easier for European banks and firms to issue stablecoins, and oppose the introduction of a digital euro (CBDC), viewing it as a threat to financial freedom.

Although the bill’s chances of passing are slim — since UDR holds only 16 seats in parliament — its symbolic importance is significant.
According to Raymond, the proposal reflects the party’s intention to position itself as a defender of France’s crypto industry and a follower of the U.S. “Bitcoin strategy” after Donald Trump’s success.

See also: "Solana, Litecoin, and Hedera ETFs to Begin Trading Today"

#Bitcoin (BTC) #Reserves #Crypto Regulations

Editor: Pereyidenko Ihor
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