Overview
- France’s center-right UDR introduced a bill to build a National Bitcoin Strategic Reserve targeting roughly 420,000 BTC over seven to eight years, equal to about 2% of supply.
- The French proposal details an EPA to manage holdings and funding via public mining using surplus nuclear and hydroelectric power, retention of seized BTC, and allocations from Livret A and LDDS savings inflows.
- The bill backs euro-denominated stablecoins for everyday payments, seeks a €200 tax-free payments threshold, and opposes an ECB-controlled digital euro.
- Germany’s AfD filed a Bundestag motion urging recognition of Bitcoin as a strategic asset, portraying it as “state-free money,” and calling for MiCA exemptions, self-custody protections, and clear tax treatment including the one-year gains exemption.
- Both measures face steep political obstacles—UDR holds 16 of 577 National Assembly seats and AfD sits in opposition—though the filings follow criticism of Germany’s 2024 sale of nearly 50,000 seized BTC and have intensified Europe’s debate over sovereign BTC reserves.