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Parliament in Paris on 28 October 2025 debated a bill proposing a national France Bitcoin reserve, euro stablecoins and incentives for local mining and industry.
Summary
What does the bitcoin reserve proposal mean for national digital gold and euro stablecoin payments?
The draft, introduced by Éric Ciotti of the UDR, proposes a public body to manage purchases that would form a state-held Bitcoin buffer and promote euro-denominated stablecoins for daily payments. The report by Crypto Times is the primary source for the bill’s provisions.
From a technical and custody perspective, staged acquisitions, institutional-grade cold storage and insurance programmes are necessary to limit market impact. The draft links parts of Livret A and LDDS flows to gradual purchases.
How large is the proposed reserve?
The bill targets roughly 2% of Bitcoin’s total supply — cited as about 420,000 BTC in reporting — to be accumulated over a multi-year programme, according to the Crypto Times coverage.
How would euro stablecoin payments be used?
Stablecoins would be encouraged for daily retail payments, with a proposed tax- and fee-exempt spending threshold. The plan positions euro stablecoins as an alternative rails option to card networks for small-value transactions.
In brief, the proposal aims to create a state-managed digital asset buffer while opening regulated pathways for euro stablecoin payments and integration with retail savings flows.
How could public bitcoin mining and industry incentives be implemented to support local growth? In brief,
Ciotti’s text envisions using surplus nuclear and hydroelectric capacity for public Bitcoin mining and adjusting electricity taxation to attract operators. The measures are framed as industrial policy to capture computing value locally and to monetise spare power.
What operational steps would public mining require?
Large-scale mining projects typically depend on long-term power-purchase agreements, grid interconnection planning and permitting certainty. The bill’s success would hinge on concrete contracts and regulatory clarity for operators.
How does the bill link industry incentives to investment plans?
The draft proposes integrating crypto assets into traditional investment vehicles and adapting tax rules to support local service providers. It also contemplates allowing certain tax payments in Bitcoin, subject to constitutional clearance.
Note: the UDR holds only 16 of 577 parliamentary seats, so passage is uncertain and amendments are likely during committee review.
How soon could the bill advance through Parliament and affect bitcoin tax payments? In brief,
Debate began on 28 October 2025; the measure faces committee stages, amendments and potential EU-level coordination before any vote. Proponents highlight monetary resilience; critics cite balance-sheet and market-risk concerns.
As the IMF notes, “crypto-assets may pose risks to financial stability,” which lawmakers will need to weigh when considering state exposure and bitcoin tax payments. IMF assessment on crypto-assets
Tip: watch amendments on savings fund bitcoin purchases, MiCA regulation easing and provisions for public bitcoin mining to gauge the bill’s final scope.