France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly have adopted a resolution opposing the introduction of the European Central Bank’s (ECB) proposed digital euro while endorsing Bitcoin and the use of euro-denominated stablecoins as alternatives.
The proposal, introduced on October 22, 2025, by Éric Ciotti and members of the Union of the Right for the Republic (UDR), calls on the French government to reject the European Commission’s draft regulation establishing a digital euro.
Source: French National Assembly
Instead, it urges support for euro-based stablecoins and greater national investment in crypto-assets.
The document, titled “Proposal for a European Resolution Calling for Support for the Transformation of the Monetary System,” argues that central bank digital currencies (CBDCs) pose a threat to privacy and economic freedom.
Ciotti described the move as a step toward protecting “fundamental individual rights” and maintaining monetary sovereignty in an increasingly digital economy.
French lawmakers warned that a centrally managed network would allow authorities to track and potentially freeze citizens’ funds.
The explanatory memorandum compared the ECB’s project to China’s digital yuan, suggesting that similar centralized oversight could “pose a major threat to fundamental individual freedoms.”
The ECB is currently in the preparation phase of the digital euro, which began in November 2023 and is expected to conclude by the end of 2025. The currency could enter circulation around 2029, according to ECB Executive Board member Piero Cipollone.
Lawmakers also warned that adopting a digital euro could destabilize Europe’s banking system by allowing users to move deposits directly to the ECB, potentially triggering a “bank run” and concentrating financial power within a single institution.
The resolution stated that “such a concentration of power would be harmful to economic freedom” and that it is “not the role of the ECB to act as a commercial bank.”
Instead, the French proposal lays out a sweeping pro-crypto agenda centered on three key areas: creating a national Bitcoin reserve, promoting euro-denominated stablecoins, and supporting domestic crypto industry growth.
Under the plan, France would establish a public administrative body to manage a strategic Bitcoin reserve equivalent to 2% of the total Bitcoin supply, roughly 420,000 BTC, to be accumulated over seven to eight years.
