#FranceBTCReserveBill "France's Bitcoin Reserve Bill: A New Step
France has proposed a new bill that aims to bolster the country's financial sovereignty by utilizing Bitcoin as a strategic reserve. The bill suggests that France will acquire and hold around 420,000 BTC, equivalent to 2% of Bitcoin's total supply, over the next 7-8 years.
Key points of the bill include:
- *Bitcoin Reserve*: France wants to diversify its foreign exchange reserves and utilize Bitcoin as a form of digital gold.
- *Funding*: The reserve will be funded through various means, including surplus nuclear and hydroelectric energy-powered public Bitcoin mining operations and seized BTC from judicial proceedings.
- *Stablecoins*: The bill also proposes promoting euro-denominated stablecoins to foster innovation and freedom in France's financial system.
- *Digital Euro*: France has expressed opposition to the proposed digital euro, citing concerns over citizens' financial freedom.
The bill is still in the proposal stage and faces low chances of passing, but it has sparked a new discussion on crypto in France.
#FranceBTCReserve #CryptoBill #FinancialSovereignty $BTC #BTC