Bitcoin Beats The Euro — France Chooses Crypto Over CBDC
France’s National Assembly moved to dam European Central Bank’s planned digital euro and to favor Bitcoin and euro stablecoins. Based on reports, the decision was filed on October 22, 2025 by Éric Ciotti and UDR members.
Call For A National Bitcoin Reserve
The movement asks for a public physique to construct a strategic Bitcoin holding equal to 2% of the entire provide — about 420,000 BTC — over seven to eight years.
Funding concepts embrace utilizing surplus vitality to mine, retaining seized Bitcoin, and sending a slice of Livret A and LDDS financial savings to each day BTC purchases. The plan would enable tax funds in Bitcoin if constitutional checks approve it.
Supporters say a centrally run digital foreign money might let authorities monitor and freeze individuals’s cash, and so they in contrast the plan to China’s digital yuan.
They warned a digital euro would possibly let customers transfer deposits straight to the ECB and weaken banks, elevating the danger of shifts that would destabilize lenders.
The ECB started a preparation part in November 2023 and expects that part to finish by the tip of 2025; officers say circulation might begin round 2029, in keeping with Piero Cipollone.
Euro Stablecoins And Market Size
The movement presses for stronger euro-denominated stablecoins to chop dependence on greenback tokens. According to IMF knowledge cited within the proposal, 91% of stablecoin market capitalization — roughly $210 billion of $230 billion — is dollar-based, whereas the biggest euro stablecoin is about $259 million.
Lawmakers need MiCA guidelines adjusted so European banks and firms can challenge euro tokens extra simply.
Calls To Adjust Banking Rules
As a part of the bundle, the decision seeks a lighter contact on Basel prudential guidelines that now deal with some crypto-backed loans as extremely dangerous and impose capital buffers as much as 1,250%.
Backers say these guidelines discourage crypto-collateral lending and desire a “focused deviation” to encourage financial institution participation.
France has opened doorways to extra regulated crypto work. The AMF authorised BPCE’s Hexarq for custody and buying and selling, and Lise, a tokenized fairness platform, obtained a DLT Pilot Regime inexperienced gentle.
Based on Chainalysis, France processed about $180 billion in crypto flows from July 2024 to June 2025, inserting it amongst Europe’s busiest markets.
The proposal faces authorized and political exams, nevertheless it makes clear France goals to form how digital cash works in Europe. The debate is anticipated to attract intense public consideration.
Featured picture from Unsplash, chart from TradingView
