France’s UDR Party Unveils Bitcoin Reserve Plan, Crypto Tax Payments, Euro Stablecoin
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During the French parliamentary session, the UDR party, led by Éric Ciotti, proposed an ambitious new crypto bill that has grabbed attention despite its slim chances of approval. The bill aims to create a national bitcoin reserve of 420,000 BTC over the next seven to eight years, effectively positioning France to hold 2% of the total bitcoin supply.
BREAKING: France Just Proposed a Strategic Bitcoin Reserve! 🇫🇷
French lawmaker Éric Ciotti introduced a MASSIVE bill today to acquire 420,000 $BTC (2% of total supply) over 7-8 years.
Key Points:
🔹 Would make France Europe's first Bitcoin Strategic Reserve
🔹 Mining powered by… pic.twitter.com/JagqHNXzDv— Crypto Patel (@CryptoPatel) October 29, 2025
However, with only 16 members in parliament, the likelihood of the bill passing is extremely low, making its current impact mostly symbolic.
UDR’s Vision for a “National Digital Gold”
As we mentioned, Ciotti’s bill proposes creating a Public Administrative Establishment (EPA) to manage France’s BTC reserve. The plan suggests several ways to get bitcoins, including using surplus nuclear and hydroelectric energy to mine BTC. On top of that, the bill recommends setting aside a quarter of funds from popular savings accounts like Livret A and LDDS to buy BTC every day on the market. This would come to around 15 million euros daily, or roughly 55,000 BTC each year.
BTC Tax Payments and Financial Sovereignty
Besides creating a BTC reserve, the bill also suggests letting citizens pay their taxes in bitcoin. This is presented as part of a bigger plan to diversify France’s foreign currency holdings and boost financial independence. The UDR party sees it as a way to rely less on traditional currencies and global financial systems, following a model similar to ideas explored in the United States with seized BTC.
UDR Supports Euro Stablecoins to Boost Financial Independence
Furthermore, the bill promotes euro-based stablecoins as a reliable alternative to payment networks like Visa and Mastercard. The European Union supports a digital euro to compete with dollar-backed stablecoins, but the UDR bill opposes this and instead calls for easing MiCA rules to help European banks and companies issue stablecoins more easily. This move aligns with the party’s broader goal of boosting France’s financial independence in digital finance.
Market Implications and Political Reality
Although the bill is unlikely to pass, it has already generated interest in the crypto community, potentially boosting short-term sentiment for Bitcoin. In contrast, the real market impact may be limited, as the initiative remains largely aspirational and politically isolated. Besides this, the move positions the UDR party as a vocal supporter of France’s crypto ecosystem, which could help raise its profile in upcoming elections.
Looking ahead, observers will monitor whether similar proposals gain traction in Europe, while France continues to debate the balance between innovation, energy use, and regulatory control in the crypto space.
