Ah, France! Land of croissants, existentialism, and now, it seems, the great rebellion against the digital euro. The National Assembly, in a fit of what can only be described as financial enlightenment (or perhaps a bout of indigestion from too much foie gras), has decided to spit in the face of the European Central Bank’s grand plans. Instead, they’ve thrown their berets into the ring for Bitcoin and euro stablecoins. Sacré bleu! The resolution, penned by the intrepid Éric Ciotti and his UDR comrades on October 22, 2025, is a masterpiece of bureaucratic defiance. 🧑⚖️✨
A National Bitcoin Reserve? Ooh La La!
The motion, with all the grandeur of a Versailles ball, demands a public body to amass a Bitcoin hoard equal to 2% of the total supply-roughly 420,000 BTC-over seven to eight years. How, you ask? By mining with surplus energy, hoarding seized Bitcoin like a digital dragon, and siphoning off a slice of Livret A and LDDS savings for daily BTC purchases. Tax payments in Bitcoin? Mais oui, if the constitution gives its nod. 🤑🔗
Supporters, with the fervor of revolutionaries storming the Bastille, argue that a centrally controlled digital currency would let authorities track and freeze funds faster than a Parisian waiter can ignore you. They draw parallels to China’s digital yuan, shuddering at the thought. 🕵️♂️❄️
A digital euro, they warn, might let users bypass banks and deposit directly with the ECB, leaving lenders as stable as a baguette in a hurricane. The ECB, undeterred, marches on with its plans, aiming to launch the digital euro by 2029. Piero Cipollone, ever the optimist, assures us it’s all going according to plan. 🏦💨
Euro Stablecoins: The Underdogs of the Financial Arena
The motion also champions euro-denominated stablecoins, aiming to reduce Europe’s reliance on dollar tokens. IMF data reveals a stark reality: 91% of the stablecoin market-a whopping $210 billion-is dollar-based, while the largest euro stablecoin languishes at a mere $259 million. C’est tragique! Lawmakers want MiCA rules tweaked to let European banks and companies issue euro tokens with the ease of a sommelier uncorking wine. 🍷📈
Calls To Adjust Banking Rules
The resolution also takes aim at Basel’s prudential rules, which treat crypto-backed loans like a plague, imposing capital buffers of up to 1,250%. Backers argue these rules stifle crypto-collateral lending and call for a “targeted deviation” to coax banks into the crypto fold. 🏛️🔒
France, ever the trailblazer, has already opened its doors to regulated crypto ventures. The AMF approved BPCE’s Hexarq for custody and trading, and Lise, a tokenized equity platform, received a DLT Pilot Regime green light. According to Chainalysis, France processed a staggering $180 billion in crypto flows from July 2024 to June 2025, cementing its place as one of Europe’s crypto hotspots. 🚀📊
The proposal faces legal and political hurdles, but its message is clear: France intends to shape the future of digital money in Europe. The debate promises to be as heated as a Parisian argument over the best boulangerie. 🥖🔥
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2025-10-30 09:14