France Stuns Europe: Could Lawmakers Adopt Bitcoin and Ban Digital Euro?

Core Viewpoint - France's National Assembly has adopted a resolution opposing the European Central Bank's proposed digital euro, advocating instead for Bitcoin and euro-denominated stablecoins as alternatives [1][2]. Group 1: Legislative Actions - The resolution was introduced on October 22, 2025, by Éric Ciotti and members of the Union of the Right for the Republic (UDR), urging the French government to reject the European Commission's draft regulation for a digital euro [2]. - The proposal emphasizes the need for greater national investment in crypto-assets and support for euro-based stablecoins [2]. Group 2: Concerns Over Central Bank Digital Currencies (CBDCs) - The document titled "Proposal for a European Resolution Calling for Support for the Transformation of the Monetary System" argues that CBDCs threaten privacy and economic freedom [3]. - Lawmakers expressed concerns that a centrally managed digital euro could allow authorities to track and freeze citizens' funds, drawing comparisons to China's digital yuan [4]. Group 3: Economic Implications - The resolution warns that a digital euro could destabilize Europe's banking system by enabling users to transfer deposits directly to the ECB, potentially leading to a bank run [5]. - It argues that such concentration of financial power within a single institution would be detrimental to economic freedom [5]. Group 4: Proposed Initiatives - The French proposal outlines a pro-crypto agenda focusing on three areas: establishing a national Bitcoin reserve, promoting euro-denominated stablecoins, and supporting the domestic crypto industry [5]. - The plan includes creating a public administrative body to manage a strategic Bitcoin reserve equivalent to 2% of the total Bitcoin supply, approximately 420,000 BTC, to be accumulated over seven to eight years [6].