#FranceBTCReserveBill
As reported by Atlas21, the UDR party in France, led by Eric Ciotti, is preparing a legislative proposal to establish a national #bitcoin in reserve of 420,000 BTC, equivalent to 2% of the total circulating supply. The bill outlines a 7–8 year plan to build the reserve through government purchases, public mining using renewable energy, and confiscation of seized #Cryptocurrencies: It also promotes the use of euro-denominated #Stablecoins and seeks to ease MiCA regulations, while opposing CBDCs. The proposal includes favorable tax and energy policies for mining and allows Bitcoin as collateral for bank loans. However, the bill faces slim chances of approval due to the UDR’s limited parliamentary representation.$BTC
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