🇫🇷France is making headlines in the crypto world with a bold legislative move. The Union de la Droite Républicaine (UDR) party, led by Éric Ciotti, has introduced a bill to establish a national strategic reserve of approximately 420,000 Bitcoin ($BTC ) — roughly 2 % of Bitcoin’s total supply — over the course of 7–8 years.
The plan outlines multiple funding mechanisms: using surplus nuclear and hydroelectric power for public mining operations, retaining seized crypto assets, and allocating part of state savings accounts to purchase BTC daily. Additionally, the bill promotes euro‑denominated stablecoins for everyday payments (tax‑exempt up to €200) and explicitly challenges the idea of a central bank digital euro (CBDC).
While the ambition is major, there are significant hurdles: the UDR holds only a small minority of seats in the French Parliament (16 out of 577), making passage uncertain. For crypto investors and content creators, this development signals a potential paradigm shift: Bitcoin moving from a speculative asset into sovereign reserve asset status. If implemented, France could become the first major European country to treat Bitcoin as part of its national reserves, a move that could inspire other nations to explore similar strategies.
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