Overview
- Éric Ciotti’s center-right UDR filed the measure on Oct. 28, outlining the country’s first full framework for a state Bitcoin reserve.
- The plan targets roughly 420,000 BTC over seven to eight years, with a new Public Administrative Establishment to manage holdings.
- Accumulation would rely on public mining using surplus nuclear and hydroelectric power, permanent retention of mined coins, and daily purchases funded in part from seized crypto and popular savings.
- The text promotes euro stablecoins with small payments untaxed up to €200 per day and permits limited tax payments in Bitcoin, while opposing an ECB digital euro.
- Adoption remains uncertain since UDR controls 16 of 577 seats, though backers note the reserve would exceed current U.S. holdings if passed.