France surprises the crypto world with its new massive Bitcoin purchase plan

France is discussing a draft law to create a national Bitcoin reserve, with the aim of acquiring 2% of the global supply of the cryptocurrency. 

The French Parliament is preparing to debate a legislative proposal that could mark a turning point in European financial policy. The bill, spearheaded by MP Éric Ciotti and promoted by the Union of the Right and Center (UDR) party, seeks to position France as pioneer in state adoption of cryptocurrencies in Europe. 

The regulatory initiative includes everything from the creation of a national strategic Bitcoin reserve to the development and promotion of euro-denominated stablecoins and institutional support for the local crypto ecosystem.

Although the UDR has limited representation in the National Assembly, with 16 out of 577 seats, the regulatory text has captured the attention of analysts, developers, and leaders in the financial sector. It is the first time such a comprehensive legislative framework for digital assets has been presented in France, with proposals that could transform the country's monetary architecture.

In addition to its technical content, the bill reflects a strategic vision: to integrate blockchain technology into public policies and strengthen financial sovereignty in a global context of increasing digitalization.

Bitcoin is increasingly consolidating itself as a strategic national asset

The central focus of the project being discussed in the French parliament is the creation of a Public Administrative Entity (EPA) tasked with safeguarding and managing a national Bitcoin reserve. The goal is acquire 2% of the total BTC supply equivalent to about 420.000 units, within a period of seven to eight years. 

Ciotti describe to the market-leading cryptocurrency as “digital gold” and an asset capable of diversifying foreign exchange reserves and protecting the French economy against geopolitical tensions and changes in the international monetary system.

According to the bill, the financing of this crypto reserve would be structured in four ways. First, through Bitcoin public mining, using surplus energy from nuclear and hydroelectric sources, with a tax system tailored to incentivize miners. Second, through the systematic retention of seized BTC in legal proceedings. Third, with the allocation of a quarter of the funds raised by the Livret A and LDDS savings plans, Approximately €15 million daily is needed to purchase BTC on the secondary market, which would allow for the accumulation of around 55.000 units per year. Finally, the possibility of accept tax payments in Bitcoin, subject to constitutional review.

In general, the main objective of this proposal is institutionalize Bitcoin as a reserve asset, taking a firm step towards its integration into the national economy. 

Inspired by similar measures in other countries, such as the United States, the project adapts the strategy to the realities and complexities of an advanced economy. Furthermore, it opens the door to new practices where crypto assets can play a significant role in fiscal and monetary management, transforming how the state interacts with financial technology.

France takes a strategic turn in the face of the global financial revolution

France finds itself at a crucial crossroads in the technological and financial revolution being spearheaded by Bitcoin worldwide. While other countries are rapidly advancing in the adoption and regulation of cryptocurrencies, France appears to be lagging behind, raising concerns in political and financial circles. 

In the regulatory text, Ciotti cited this situation as one of the compelling reasons that prompted him to rethink the role that Bitcoin can play as a strategic asset within the nation's economy and financial system.

The leading cryptocurrency possesses unique characteristics that position it as a tool with transformative potential. escasez, limited to a maximum of 21 million unitsIt creates intrinsic value that contrasts with the inflation of traditional currencies. Furthermore, its ability to enable direct exchanges between users without the need for intermediariesIt generates a more transparent and decentralized financial model; qualities that France is beginning to recognize in the face of the current situation.

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La threat of a new global financial crisisDriven by the historic increase in US debt, which exceeds $36 trillion, and the progressive depreciation of the dollar, uncertainty is rising in the markets. In this context, US hegemony in the global economy faces challenges that other countries cannot ignore. France, aware of this dynamic, sees Bitcoin and stablecoins as an opportunity to modernize their financial systems, to offer resilience to future shocks and reduce their dependence on the dollar.

Therefore, the country's push toward modern regulation and the recognition of these digital assets aims not only to ensure its competitiveness but also to play an active role in the next wave of monetary innovation. This opens a window for the country to transform its lag into a strategic advantage, integrating Bitcoin as a key component of its economic future.