TechFlow news, on October 28, the UDR party led by Éric Ciotti introduced a comprehensive pro-cryptocurrency bill in the French parliament. This is the first time such an extensive cryptocurrency policy has been proposed in France, primarily consisting of three core components:
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Establishing a French strategic Bitcoin reserve, aiming to hold 2% of Bitcoin's total supply (approximately 420,000 BTC) within 7-8 years, funded through public mining, retained seized assets, and allocations from savings programs;
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Promoting the development of euro-backed stablecoins, proposing tax exemption for payments up to €200 per day, and explicitly opposing the EU's digital euro (CBDC) initiative;
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Supporting industry participants through measures such as adjusting electricity taxation for mining, facilitating institutional investment channels, and revising European prudential regulations.
Analysts note that although the bill demonstrates the UDR party's supportive stance toward France's crypto ecosystem, its chances of passing are extremely low due to the party holding only 16 out of 577 parliamentary seats.
