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French lawmaker signs petition to allow the country’s central bank to buy Bitcoin

CryptocurrencyMar 12, 2021 06:00PM ET
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French lawmaker signs petition to allow the country’s central bank to buy Bitcoin

A French lawmaker has signed a petition urging government officials to allow the Bank of France to buy Bitcoin and other digital assets.

Jean-Michel Mis, who is the president of a blockchain development firm and also a member of the lower house of the French Parliament, has a lofty ambition of making France a cryptocurrency country. If his petition meets certain criteria, it will be transferred to the French Senate.

The petition was originally filed by the CEO of Ark Ecosystem, Francois-Xavier Thoorens earlier this month. It cites the likes of Tesla (NASDAQ:TSLA) and MicroStrategy as examples of major players who have purchased large sums of Bitcoin. The petition also referenced Miami city’s plan to invest its treasury reserves into the digital asset.

An excerpt from the petition reads:

France must adopt a strategy in this area and a law enabling it to be applied. I, therefore, propose an update of the Monetary and Financial Code to endow the Banque de France with the capacity to buy, sell and hold bitcoins and other crypto-assets that it sees fit.
As of press time, the petition had garnered 408 out of the 100,000 required signatures. If the target is met, it will be pushed to the Senate floor.

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French lawmaker signs petition to allow the country’s central bank to buy Bitcoin
 

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Comments (2)
Gabriel Andrew
Gabriel Andrew Mar 12, 2021 10:24PM ET
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Country like North Korea and China can spend billions to mine BTC..and let france buy from them...the vulnerability of one nation to be pump and dump by another nation...state level act...BTC is an asset that can lead to another type of trade war...
Ben Ben Tan
Ben Ben Tan Mar 12, 2021 8:15PM ET
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this is not ambition. it is greed. if he doesn't hold bitcoin at all, then it is an ambition. he is trying to sell air to the government..
 
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