Lawmakers in France are considering a proposal to ban the digital euro and promote euro stablecoins and crypto-assets, following the US’ lead in promoting stablecoins through the GENIUS Act.

The proposal does not mention a national BTC reserve explicitly, but there are reports that the French government could potentially hold 2% of the total BTC supply, valued at around $48 billion.

French lawmakers have not yet considered the motion, which could impact the country’s policy on crypto and Bitcoin, similar to the US government’s efforts to establish strategic BTC reserves.

Other countries like Kyrgyzstan and Bhutan are also exploring the creation of digital asset reserves, following discussions with industry experts and economic hubs in the crypto space.

Read more at Cointelegraph: French Gov’t Set to Review Motion to ‘Embrace Bitcoin and Cryptocurrencies’