France Wants to Ban Digital Euro & Embrace Bitcoin… What Could Go Wrong?

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So, the French government is about to shake things up by reviewing a proposal that could turn their entire crypto policy upside down. I mean, who wouldn’t want to add “embracing Bitcoin” to their to-do list, right?

Enter Éric Ciotti, the man of the hour, who seems to think that banning the digital euro (currently being toyed with by the European Central Bank) is a great idea. Instead, let’s all jump on the crypto bandwagon and promote “the dissemination of euro stablecoins” – which sounds like the world’s least exciting treasure hunt.

Ciotti’s pitch is a little spicy, citing the US’s GENIUS Act (yes, it’s actually called that, because what else would you name it?) and their efforts to promote stablecoins and ban central bank digital currencies (CBDCs). It’s like playing digital currency whack-a-mole. But with more money.

The motion then goes on to reference the European framework for crypto exposure. Basically, let’s throw out all the rules from 2022 and make it easier to pile up cryptoassets. Sounds totally foolproof, right? What could possibly go wrong?

Now, don’t get too excited. The proposal doesn’t directly mention creating a national Bitcoin reserve (because who needs one of those?), but sources say Ciotti’s master plan involves the French government holding a whopping 2% of Bitcoin’s total supply. That’s around $48 billion in case you were wondering, and no, it’s not a typo.

This whole move would mirror the US government’s attempts to scoop up Bitcoin and crypto reserves, using tokens they’ve snagged from criminal cases. So, yeah, nothing shady going on here. Just good ol’ government crypto-hoarding.

The proposal, as of Tuesday, hasn’t been given a serious look by the French lawmakers. But, let’s not forget, this is France. In August, Rassemblement National even suggested using surplus energy from their nuclear plants to mine Bitcoin. Because if you’re going to play with fire, why not use actual fire, right?

Another country adopting crypto reserve policies?

Meanwhile, it’s not just France having fun with this idea. The US has been working hard under Trump (remember him?) to stockpile BTC. And there’s a twist! The US government might add $14 billion worth of seized tokens to their stash. How’s that for a side hustle?

Not to be outdone, Kyrgyzstan’s lawmakers have apparently had some chats with former Binance CEO Changpeng “CZ” Zhao about setting up a digital asset reserve. And in Bhutan, they’re reportedly planning a crypto reserve using BTC and other tokens. Because, you know, everyone loves a good reserve these days.

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2025-10-28 21:06