🇫🇷 France's Bitcoin Bill: A National Digital Gold Plan?
The French far-right party, Union of the Right of the Republic (UDR), has recently introduced a proposal to the French Parliament that aims to establish a massive, national Bitcoin ({BTC}$) Reserve. This move signals a growing interest in treating the world's leading cryptocurrency as a strategic financial asset for the nation.
💡 What the Bill Proposes (The Simple Facts)
🟢 The Big Goal: France should create a special, long-term Bitcoin reserve.
💰 The Target: The plan is to acquire about 420,000 ${BTC}$ over 7-8 years. This huge number represents roughly 2% of the entire global Bitcoin supply!
🛡️ The Reason: This reserve would act as a form of "National Digital Gold" to help diversify the country's financial reserves and protect its economic independence.
🇫🇷 How They Plan to Fund the Reserve (Binance Square Details)
The bill outlines a clever, multi-source funding strategy, which is the core of its innovation:
⚡ Public
$BTC }$ Mining: Use France's excess nuclear and hydroelectric power to fuel public Bitcoin mining operations. (A 'Green' approach to
$BTC {BTC}$ acquisition!)
⚖️ Seized Assets: Allocate Bitcoin and other cryptocurrencies seized from criminal activities (like fraud or money laundering) into the natio
nal reserve.
📈 Investment Funds: Dedicate a portion of national savings funds to purchase Bitcoin.
💸 Optional Tax Payments: Potentially allow citizens to pay certain taxes using Bitcoin-pegged stablecoins.
⚔️ The Political Battle and Market Impact
🚨 Low Chance of Passing (For Now): The UDR party holds only a small number of seats, making it highly unlikely for the bill to pass without broad support from other political groups.
🎉 Positive Signal: Despite the slim odds, this proposal is a major step. It shows a powerful political party is taking the French crypto industry and the idea of sovereign $\text{BTC}$ reserves seriously.
#bitcoin $BTC #BTC #CryptoNews #France #DigitalGold