A Petition Calls for the Central Bank of France to Buy Bitcoin and Other Crypto Assets

A lawmaker signed the petition, which says, “France cannot decently remain as an observer of a race which has already started” as “not owning Bitcoin will put it in a financially weak position.”

A petition calls for an amendment to the monetary and financial code to authorize the central bank, Banque de France, to buy bitcoin and other crypto-assets.

A lawmaker in France is already in support as Jean-Michel Mis, a member of the National Assembly since 2017 who serves on the Committee of Legal Affairs, signed the petition. So, far it has received 450 signatures but requires at least 100,000 signatures within 6 months to be forwarded to the Conference of Presidents.

As such, the petition will remain active until Sept. 5, 2021.

Francois Thoorens, the co-founder of the blockchain development platform ARK Ecosystem, was the one who started the petition. It has already been sent to the Senate for validation, and only after that was, it published on its petition site.

The petition calls it “vital” for the country to adopt a strategic law that can anticipate the changes to come in the field of virtual values. It further points to companies like Tesla and MicroStrategy, who have acquired large sums of Bitcoin on the ground of a weak dollar destroying medium-term financing capacities.

Public entities like the mayor of Miami are also positioning themselves as investors of Bitcoin, the petition said, central banks are also buying with the objective to strengthen their independence. It said,

“France cannot decently remain as an observer of a race which has already started. Not owning Bitcoin will put it in a financially weak position within 5-10 years. It is urgent to take up the problem.”

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