In a surprise move, French lawmakers proposed a historic bill to create a national bitcoin reserve and officially reject the European Central Bank’s (ECB) digital euro.

The France bitcoin reserve proposal, led by Éric Ciotti and the Union of the Right and Centre (UDR) party, is the most ambitious Bitcoin legislation ever in France. It suggests buying up to 420,000 bitcoin (BTC) — about 2% of the total supply — over the next 7 to 8 years.

If passed, France would be the first country in Europe to have a strategic bitcoin reserve, utilizing the scarce digital asset as a form of “digital gold” to strengthen national financial sovereignty.

The proposed law outlines…

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