The UDR Party and leader Eric Ciotti are preparing to present a bill to the French Parliament supporting Bitcoin and cryptocurrencies, with the goal of building a reserve of 420,000 BTC (2% of the global supply ) over 7–8 years. The reserve will be accumulated through public mining, purchasing BTC with state savings funds (15 million euros/day ) and BTC seized in cases.
The bill also promotes the issuance of stablecoins linked to the euro, allowing for legal payment use, tax exemption for transactions under 200 euros, and tax payment in stablecoins. Additionally, mining centers will receive energy and tax incentives, BTC can be used as collateral, and investors can access it through ETNs.
Although the likelihood of being passed is low, the bill demonstrates an effort to make France a digital financial hub and promote the role of Bitcoin in Europe.
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The policy bill on Bitcoin and cryptocurrency will be presented to the French Parliament.
The UDR Party and leader Eric Ciotti are preparing to present a bill to the French Parliament supporting Bitcoin and cryptocurrencies, with the goal of building a reserve of 420,000 BTC (2% of the global supply ) over 7–8 years. The reserve will be accumulated through public mining, purchasing BTC with state savings funds (15 million euros/day ) and BTC seized in cases.
The bill also promotes the issuance of stablecoins linked to the euro, allowing for legal payment use, tax exemption for transactions under 200 euros, and tax payment in stablecoins. Additionally, mining centers will receive energy and tax incentives, BTC can be used as collateral, and investors can access it through ETNs.
Although the likelihood of being passed is low, the bill demonstrates an effort to make France a digital financial hub and promote the role of Bitcoin in Europe.