Policy bill on Bitcoin and crypto to reach French parliament

A pro-Bitcoin and crypto bill is expected to enter the French parliament, backed by the UDR party and its leader Eric ￰0￱ bill sets ambitious goals for building a BTC treasury and expanding euro stablecoin ￰1￱ French UDR party and its leader, Eric Ciotti, will propose an ambitious pro-crypto bill with multiple growth ￰2￱ of the biggest items on the proposal is the establishment of a BTC reserve of 420,000 coins, making up 2% of the total BTC ￰3￱ treasury would rival some of the biggest buyers, bringing it close to the reserves of Strategy (MSTR). The bill, according to reports, will accrue the reserve through the creation of a special entity, a Public Administrative Establishment (EPA), which will have to accumulate the reserve in the next 7-8 ￰4￱ reserve is presented as a diversification tool for foreign exchange ￰5￱ BTC would be acquired through public mining, tapping excess energy production, with favorable miner ￰6￱ company will have to contend with the ever-shrinking block reward, in addition to competing with other miners and their growing data ￰7￱ other main source of coins would be BTC seized during legal ￰8￱ has already gained some reserves in this ￰9￱ Cryptopolitan reported , the state seized BTC from the now-defunct dark web site ￰10￱ state will also buy additional BTC through government savings schemes, potentially setting aside 15M euro per day, or around 55,000 BTC per ￰11￱ purchases of the French state, if the bill is accepted, could rival even the biggest corporate ￰12￱ to encourage euro-denominated stablecoins The bill will also encourage the creation of euro-denominated ￰13￱ type of asset has been in the focus of major European banks , though without special support from ￰14￱ bill points out that stablecoins can be an alternative to debit card payments and suitable for regulated everyday ￰15￱ addition to establishing the stablecoin as a legal payment, the bill sets a 200 euro ceiling for tax-exempt ￰16￱ may also be used to pay taxes if the bill is ￰17￱ new bill specific to France may ease some of the MiCA regulations at the level of the European Union to facilitate stablecoin issuance by European banks and even ￰18￱ notably, the bill would oppose the creation of digital assets by centralized authorities, deemed as limiting financial ￰19￱ integrates Bitcoin activity with the French financial system The new bill contains more sections on the favorable treatment of miners in terms of energy access and ￰20￱ state may change taxation and offer flexible regimes for mining data centers.

Additionally, BTC may be considered sufficient collateral for some types of ￰21￱ boost BTC acceptance, the bill also offers access to crypto through exchange-traded notes (ETN). Technologically, France has been one of the leading crypto regions. However, some of the more liberal use cases for blockchains have been limited in the country, as in the case of ￰22￱ current bill is more focused on the financial side of Bitcoin and ￰23￱ ambitious, the new bill by the UDR relies on limited political impact, and its acceptance is unlikely. However, the bill spells out key issues in crypto usage and adoption, paving the way for shifts in the acceptance of BTC and other ￰24￱ a premium crypto trading community free for 30 days - normally $100/mo.