The UDR party proposes a bill to make France a Bitcoin-friendly hub in Europe.
According to The Big Whale, the UDR party led by Eric Ciotti will present a bill to the French Parliament aimed at making the country a leading hub for digital assets.
The proposal calls for the establishment of a public regulatory agency to build a national reserve of 420,000 BTC over 7–8 years, with a budget to purchase about 15 million euros of Bitcoin daily from government savings programs.
Public mining and energy use
The UDR proposal includes mining Bitcoin with excess nuclear and hydroelectric power, along with tax incentives for miners, helping France accumulate BTC more naturally. Additionally, Bitcoin seized in cases will also be added to the national reserve.
Stablecoin Euro and payments
The UDR bill proposes to expand the role of Bitcoin and euro stablecoins, allowing tax payments in crypto, exempting transactions below 200 euros from tax, and easing MiCA regulations to support the issuance of stablecoins in Europe.
The text opposes CBDC, while providing tax and energy incentives for mining and accepting BTC as collateral. However, the likelihood of passage is low as UDR has only 16 seats in Parliament.
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