Overview
- France’s center-right UDR introduced a bill on Oct. 28 to build a National Bitcoin Strategic Reserve of roughly 420,000 BTC over 7–8 years via a new Public Administrative Establishment.
- The French plan outlines funding through public mining using surplus nuclear and hydro power, retention of seized crypto, and allocating a quarter of Livret A and LDDS inflows for daily purchases of about €15 million (around 55,000 BTC per year).
- The proposal promotes euro‑denominated stablecoins with tax‑free payments up to €200 per day and contemplates certain tax payments in Bitcoin, while explicitly opposing an ECB digital euro.
- If enacted at current prices, France’s target would be worth about $48 billion and would exceed reported U.S. sovereign Bitcoin holdings.
- On Oct. 29, Germany’s AfD filed a motion to create a national Bitcoin reserve, describing Bitcoin as “state‑free money,” calling for lighter regulation and favorable tax treatment, and reigniting debate over Berlin’s 2024 sale of nearly 50,000 seized BTC.