US EditionFrench Lawmakers to Review Proposal to Ban CBDC, Support Bitcoin Reserve and Crypto Oversight
6 Articles
6 Articles
TRIBUNE - The president of the UDR, together with his party's deputies, has just tabled a bill to "adapt France to the new monetary order." He advocates, among other things, the creation of a national strategic reserve in Bitcoins.
The UDR Group, chaired by Eric Ciotti, tabled a bill in the National Assembly on Tuesday to promote the democratisation of cryptocurrency. Among the priority areas is the creation of a strategic reserve of bitcoins. A measure also dear to Donald Trump.
France Bitcoin Reserve Bill
In a surprise move, French lawmakers proposed a historic bill to create a national bitcoin reserve and officially reject the European Central Bank’s (ECB) digital euro. The France bitcoin reserve proposal, led by Éric Ciotti and the Union of the Right and Centre (UDR) party, is the most ambitious Bitcoin legislation ever in France. It suggests buying up to 420,000 bitcoin (BTC) — about 2% of the total supply — over the next 7 to 8 years. If pass…
French Lawmakers to Review Proposal to Ban CBDC, Support Bitcoin Reserve and Crypto Oversight
France’s lawmakers are set to debate a motion that seeks to block the European Central Bank’s digital euro proposal and create a national Bitcoin reserve. The initiative, led by Éric Ciotti and UDR members, aims to safeguard privacy, encourage euro-pegged stablecoins, and tighten oversight under MiCA regulations.
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