Luisa Crawford
Oct 28, 2025 20:52
France’s proposed legislation includes a strategic Bitcoin reserve and aims to support the crypto ecosystem, signaling a significant shift towards crypto-friendly policies.
France is contemplating a groundbreaking move in the cryptocurrency space with the introduction of a pro-Bitcoin and crypto legislative bill. Reportedly set to be tabled in the French Parliament, the bill includes provisions for establishing a Strategic Bitcoin Reserve, according to Crypto.ro.
Key Proposals Included in the French Bill
The bill, spearheaded by the UDR party under Eric Ciotti, marks a significant step as it is the first comprehensive proposal targeting Bitcoin and cryptocurrency in France.
1. Creating a French Strategic Bitcoin Reserve
A central component of the bill is the establishment of a Public Administration Establishment (EPA) to manage a Bitcoin reserve. The plan is to accumulate 2% of the total Bitcoin supply, approximately 420,000 BTC, over 7-8 years. This reserve aims to diversify France’s foreign exchange reserves and protect its financial sovereignty.
The funding for this reserve is proposed to come from public mining using nuclear and hydroelectric power, systematic retention of BTC from legal seizures, and daily BTC purchases funded by savings schemes.
2. Encouraging Euro-Denominated Stablecoins
The bill also proposes to legitimize stablecoins as an alternative to traditional payment systems like Visa and Mastercard. It suggests a tax-free daily payment ceiling of 200 Euros using Euro-denominated stablecoins and allows tax payments in these stablecoins. This move aims to ease MiCA regulations and oppose the digital Euro, viewed as centralizing.
3. Supporting Industry Players
Addressing energy and financial barriers, the bill proposes adapting electricity tariffs for mining operations and experimenting with flexible tariffs to support the mining industry.
4. Boosting Institutional Crypto Adoption
To encourage institutional adoption, the bill suggests integrating crypto assets into the EPA through Exchange Traded Notes (ETNs) and adjusting risk weightings for crypto-backed loans.
Defending the French Crypto Ecosystem
This legislative proposal, independent of other political collaborations, reflects the UDR party’s ambition to champion the interests of France’s crypto ecosystem. The backdrop of economic uncertainty, with recession fears in the US and parts of the EU, underscores the potential of Bitcoin as a hedge against inflation and economic downturns.
As of October 28, Bitcoin trades above $114,000, having surged over 4% in the past month, signaling potential positive trends in the crypto market as October concludes.
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