French gov’t set to review motion to ‘embrace Bitcoin and cryptocurrencies’

Eighty-three French lawmakers are set to review a motion for a resolution, led by Éric Ciotti of the Union of the Right for the Republic, that calls on the French government to ban the digital euro (CBDC) and instead promote the dissemination of euro stablecoins and investment in crypto-assets. The proposal cites US efforts to ban CBDCs and promote stablecoins. Furthermore, the motion urges the European prudential framework for cryptoasset exposures to deviate from the 2022 Basel standard to facilitate the pledging of cryptoassets. Although not explicitly stated, reports suggest Ciotti intends for the French government to hold 2% of the total Bitcoin supply as a reserve, mirroring potential US government efforts. This follows other recent crypto-related political movements in France, such as a proposal to mine BTC using surplus nuclear energy.

(Source：Cointelegraph)