France Introduces Bill for Strategic Bitcoin Reserves, Seeks to Ban Digital Euro

On the 28th, the Union for the Right of the Republic (UDR), a centrist-right political party in France, submitted a comprehensive cryptocurrency bill to parliament, spearheaded by MP Éric Ciotti. This marks the first comprehensive legislative proposal concerning cryptocurrencies in France. The bill seeks to establish national strategic reserves of Bitcoin (BTC), positioning Bitcoin as 'digital gold' to strengthen financial sovereignty. According to reports, the proposed bill aims for the French government to acquire up to 2% of the total Bitcoin supply, approximately 420,000 BTC, over the next seven to eight years. For the management of these reserves, France's...