French Government To Reconsider Its Stance On Bitcoin

France is moving to establish a Bitcoin ￰0￱ marks one of the boldest national crypto initiatives in ￰1￱ from the Union of the Right for the Republic (UDR) introduced a bill proposing that France purchase up to 2% of Bitcoin’s total supply over the next seven to eight ￰2￱ Bitcoin reserve bill would make France the first European nation to hold a massive strategic Bitcoin ￰3￱ shows growing interest among governments for lower reliance on outdated monetary ￰4￱ the Bitcoin Reserve Bill Proposes The proposal was introduced by Éric Ciotti (president of the UDR) and was supported by several party ￰5￱ outlines a national plan to acquire 420,000 BTC gradually through mining

public investment and strategic ￰6￱ to Alexandre Laizet the Director of Bitcoin Strategy at The Blockchain Group France intends to use nuclear and hydroelectric energy for ￰7￱ is considering a bill to accumulate 2% of Bitcoin’s supply |) ￰8￱ would make it easier for European institutions to issue ￰9￱ France’s Crypto Industry The Bitcoin reserve bill comes as France’s crypto sector ￰10￱ country’s regulator the Autorité des Marchés Financiers (AMF) has been approving more firms under national crypto rules ahead of full MiCA implementation in ￰11￱ AMF recently licensed BPCE’s subsidiary Hexarq to provide crypto custody and trading ￰12￱ also approved Lise Exchange

France’s first tokenised stock platform under the EU’s Distributed Ledger Technology (DLT) Pilot ￰13￱ the same time the ACPR (France’s banking regulator) has conducted anti-money laundering reviews of major exchanges including Binance and Coinhouse to make sure that they are compliant before MiCA takes full ￰14￱ data shows France processed about $180 billion in crypto transactions over the last ￰15￱ ranks Europe’s top three markets behind Germany and the UK.