France is preparing a bill to create a strategic BTC reserve.

In France, Eric Ciotti's party is preparing a controversial bill to create a national Bitcoin reserve of 420,000 BTC , equivalent to nearly 3% of the total supply of all coins ever issued. This move could make the country a world leader in the institutionalization of cryptocurrencies and highlight Bitcoin's strategic importance as a new financial asset.

Sources of reserve formation

The draft law provides for three main channels for replenishing the national reserve:

• government procurement of BTC on the open market,

• use of confiscated crypto assets seized during investigations,

• Bitcoin mining using excess energy, including from renewable sources.

France therefore plans not only to integrate Bitcoin into state reserves, but also to create a sustainable mining model.

Ciotti's party proposal reflects the growing competition among countries for leadership in the digital currency space. Against the backdrop of cryptocurrency's growing role in the global economy, the creation of a state Bitcoin reserve is seen as a way to:

• strengthen national financial independence,

• diversify state assets,

• prepare for possible changes in the international monetary system.

If the law is passed, France will become the first EU country to formally include Bitcoin in its national reserves on such a large scale. This will set a precedent that could encourage other countries to take similar steps.

Analysts note that 420,000 BTC at current prices represents assets worth hundreds of billions of dollars, which could significantly impact both confidence in cryptocurrencies and the Bitcoin price itself.

Source: cryptonews.net