The UDR party is preparing a bill aimed at turning France into a European hub friendly to Bitcoin.
According to The Big Whale, a legislative proposal focused on Bitcoin and other digital assets is set to be introduced in the French Parliament. The UDR party, led by Eric Ciotti, plans to present a bill that could position France at the forefront of institutional adoption of digital assets.
The core of the proposal centers on the creation of a national Bitcoin reserve, with the stated goal of accumulating 420,000 BTC — equivalent to 2% of the total circulating supply.
To manage the initiative, the bill calls for the establishment of a dedicated public administrative entity (EPA) responsible for building the reserve gradually over 7–8 years. The strategy is presented as a means of diversifying France’s national currency reserves. The financial plan envisions direct Bitcoin purchases through government savings programs, with an estimated €15 million per day allocated for BTC acquisitions — roughly 55,000 BTC per year.
Public mining and energy utilization
Part of the proposal involves acquiring bitcoin through public mining operations. The plan aims to capitalize on the country’s excess nuclear and hydroelectric power, offering a favorable tax regime for miners. This strategy would allow France to organically accumulate BTC.
In parallel, the bill identifies a second source of Bitcoin supply — coins seized during judicial proceedings. France has already confiscated cryptocurrencies in operations targeting dark web markets, such as the now-defunct DFAS platform.
Euro stablecoins and payments
Beyond Bitcoin, the bill promotes the use of euro-denominated stablecoins as a regulated, practical alternative to debit card payments. It sets a €200 tax-free transaction limit and allows tax payments in bitcoin and stablecoins.
The proposal also seeks to ease certain MiCA regulatory constraints at the EU level, facilitating stablecoin issuance by European banks and corporations. The text explicitly opposes Central Bank Digital Currencies (CBDCs), labeling them as a threat to financial freedom.
The bill envisions favorable tax and energy treatment for mining facilities, including flexible taxation regimes for dedicated data centers. Additionally, bitcoin could be accepted as collateral for specific categories of bank loans.
Despite its ambition, the proposal faces slim chances of approval, given the UDR party’s limited representation in the National Assembly (16 MPs out of 577).
