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The French Parliament proposed a bill to support Crypto Assets: plans to establish a strategic reserve of 420,000 Bitcoins.
According to Deep Tide TechFlow news, on October 28, the French Parliament, led by Éric Ciotti of the UDR party, proposed a comprehensive bill supporting Crypto Assets. This bill introduces such a comprehensive monetary policy for Crypto Assets in France for the first time, mainly comprising three core components:
Establish a strategic Bitcoin reserve in France, planning to hold 2% of the total Bitcoin supply, approximately 420,000 BTC, within 7-8 years, by raising funds through public mining, asset seizure retention, savings plan fund allocation, and other methods;
Encourage the development of euro stablecoins, propose a tax exemption policy with a daily payment limit of 200 euros, and clearly oppose the EU's digital euro ( CBDC ) plan;
Support industry participants, including adjusting mining electricity tax, promoting institutional investment channels, and revising European prudential rules.
Analysis indicates that although the bill demonstrates the UDR party's supportive stance towards the French Crypto Assets ecosystem, the likelihood of passing is extremely low due to the party holding only 16 out of 577 seats in parliament.