#financial-sovereignty

#financial-sovereignty

The proposed legislation, which is far from approved, would see France aim to acquire up to 2% of Bitcoin's total supply - roughly 420,000 BTC - over the next seven to eight years, according to the legislation and according to journalist Gregory Raymond. To manage the reserve, the bill envisions the creation of a Public Administrative Establishment (EPA), similar in structure to France's gold and foreign-currency holdings.

On Friday, EU ministers reached an agreement on the next steps for the rollout of a digital euro. The electronic currency is intended to be an alternative to the dominant American payment systems of Visa and Mastercard. The ECB hopes to have the legislation ready by June. The ECB expects to have the legislation ready by June. After that, the bank will need another two and a half to three years to actually launch the digital euro.