Europe’s French Member of Parliament (MEP), Sarah Knafo, voiced sturdy help for Bitcoin whereas opposing the European Union’s plans for a digital euro.
“Yes to a strategic national reserve of Bitcoin,” she insisted.
Throughout a parliamentary session on 16 December 2024, Knafo expressed skepticism in regards to the digital euro venture, arguing that it might undermine particular person monetary autonomy and result in extreme state management over private funds.
NON à l’euro numérique
OUI à une réserve nationale stratégique de BITCOIN
pic.twitter.com/o886lk9uV8
— Sarah Knafo (@knafo_sarah) December 16, 2024
MEP Highlighted Bitcoin As “Digital Gold”
The MEP emphasised that Bitcoin represents a decentralized different that aligns with rules of freedom and transparency.
In the meantime, the European Central Financial institution (ECB) has been actively exploring the introduction of a digital euro, a central financial institution digital foreign money (CBDC).
Nonetheless, this initiative has confronted criticism from varied quarters, together with considerations about privateness, authorities overreach, and the potential affect on conventional banking techniques.
Bitcoin, sometimes called “digital gold,” operates on a decentralized blockchain community that isn’t managed by any central authority. The MEP highlighted Bitcoin’s potential to empower residents by providing them higher management over their wealth with out counting on intermediaries like banks or governments.
In reality, Michael Saylor stepped in with a publish on X to supply help to Knafo.
"It’s time to bet on freedom. It’s time for our states to invest in #Bitcoin to build national strategic reserves." – @Knafo_Sarahpic.twitter.com/WLrbyg4WER
— Michael Saylor
(@saylor) December 17, 2024
Learn extra: Is European Central Financial institution Threatened By Bitcoin? German And Swiss Parliament Members Weigh In
German And Swiss Parliament Members Weigh In
“I think that the European Central Bank (ECB) is just afraid of Bitcoin now,” mentioned Joana Cotar, member of German Parliament.
“They said don’t invest in Bitcoin; it’s not worth it. And then they suddenly realized that Bitcoin is not going away. On the contrary, it’s getting more momentum. More people are looking into Bitcoin. More people are using it. Now it’s a topic in the election in the US,” mentioned Cotar, whereas speaking on the Plan B Convention in Lugano on 26 October 2024.
“Now they’re discussing it in the German parliament. They’re discussing it in Switzerland.”
Cotar, a member of the German parliament for over seven years now has been in politics for over 11 years now. For the previous two years now, she has been pushing the subject of Bitcoin ahead in Parliament.
“Talking to my colleagues, I realized they have no idea what Bitcoin really is. They thought it is something terrorists use It’s killing the planet. How can we regulate it? Can we ban it? These are the discussions that are going on in the German Bundestag (lower house).” She made a speech towards CBDCs or the digital Euro within the parliament, which received quite a lot of consideration. She is working in the direction of inviting specialists to the parliament to elucidate what Bitcoin is absolutely about.
“Perhaps the subsequent time they’re speaking about Bitcoin, they’re not speaking about how we are able to ban it.”
Reporting progress, Joana mentioned, “Politics is a marathon. It’s not a dash. So it’s going to take quite a lot of time for Germany. However now we have members of all events represented within the German Bundestag listening to us, together with members from the Ministry of Finance and Economic system.”
“Maybe the next time they’re talking about Bitcoin, they’re not talking about how we can ban it, but how we can use it to the advantage of the people,” she insisted.
“Being in politics for such a long time, I realized that politicians and parties are rarely the solution for any problems,” Cotar added. “Most of the time, they’re part of the problem or they are the problem. So we need to step up and give the power back to the people. And Bitcoin is a tool of freedom.”
Discover: Tether CEO Paolo Ardoino Hopes For Internet Constructive From US Elections, Says Bitcoin Strategic Reserve Is A Nice Concept: 99Bitcoins Unique
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