#FranceBTCReserveBill

The France #BTC bill proposes creating a national Bitcoin strategic reserve, aiming to acquire 2% of Bitcoin's total supply (around 420,000 BTC) over 7-8 years. This reserve would be managed by a dedicated public administrative body, similar to France's gold and foreign currency holdings.

Funding Sources:

Public Bitcoin mining using surplus nuclear and hydroelectric energy

Confiscated Bitcoin from criminal proceedings

Daily bitcoin purchases (approximately €15 million) using funds from popular savings schemes like Livret A and LDDS

Tax Payments:Potentially allowing tax payments in Bitcoin, pending constitutional approval

Euro-Denominated Stable coins:

Recognizing them as a credible alternative to traditional payment networks, with transactions under €200 exempt from taxation and social contributions

Institutional Adoption: Encouraging institutional investors to use Bitcoin and other crypto-assets through Exchange Traded Notes (ETNs)

Framework Revising European prudential rules to reduce risk-weightings on crypto-assets, making them more viable as collateral.

The bill also opposes the European Central Bank's digital euro, citing concerns over privacy and financial freedom. Despite its ambitious goals, the bill faces significant political hurdles, as the proposing party, UDR, holds only 16 of 577 seats in the National Assembly.