France’s UDR party, led by Eric Ciotti, has introduced an ambitious pro-crypto bill in parliament. With this proposal, they seek to establish a national Bitcoin (BTC) treasury with a target of 420,000 coins, which would represent 2% of the total BTC supply. In parallel, the legislation encourages the creation and adoption of euro-denominated stablecoins, viewing them as a viable alternative to debit card payments.
The BTC accumulation plan would be executed through a new public entity (EPA) over a 7 to 8-year period. The funds would come from public mining using excess energy, BTC assets seized in legal proceedings, and direct purchases through government savings schemes. As for euro stablecoins, the bill proposes allowing their use for tax payments and establishing a 200-euro limit for tax-exempt transactions, seeking to integrate them into daily use.
Although the bill is detailed and ambitious, including tax benefits for miners and the use of BTC as collateral, initial reports suggest that its approval is unlikely due to the UDR party’s limited political impact. However, the simple fact that it is entering parliamentary debate is significant. The market will watch how this proposal influences the regulatory conversation in France and whether it sets a precedent for other nations to consider Bitcoin as a reserve asset.
Source: https://x.com/gregory_raymond/status/1983086444756279452
Disclaimer: Crypto Economy’s News Flashes are produced based on official and public sources verified by our editorial team. Their purpose is to quickly inform about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendation. We recommend always verifying the official channels of each project before making related decisions.
