Europe’s French Member of Parliament (MEP), Sarah Knafo, voiced strong support for Bitcoin whereas opposing the European Union’s plans for a digital euro.
“Sure to a strategic nationwide reserve of Bitcoin,” she insisted.
Throughout a parliamentary session on 16 December 2024, Knafo expressed skepticism concerning the digital euro undertaking, 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 ideas 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 forex (CBDC).
Nevertheless, this initiative has confronted criticism from numerous quarters, together with issues about privateness, authorities overreach, and the potential affect on conventional banking methods.
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.
Actually, Michael Saylor stepped in with a publish on X to supply help to Knafo.
"It’s time to wager on freedom. It’s time for our states to put money into #Bitcoin to construct nationwide strategic reserves." – @Knafo_Sarahpic.twitter.com/WLrbyg4WER
— Michael Saylor
(@saylor) December 17, 2024
Learn extra: Is European Central Bank Threatened By Bitcoin? German And Swiss Parliament Members Weigh In
German And Swiss Parliament Members Weigh In
“I feel that the European Central Financial institution (ECB) is simply afraid of Bitcoin now,” stated Joana Cotar, member of German Parliament.
“They stated don’t put money into Bitcoin; it’s not price it. After which they all of a sudden realized that Bitcoin shouldn’t be going away. Quite the opposite, it’s getting extra momentum. Extra individuals are wanting into Bitcoin. Extra individuals are utilizing it. Now it’s a subject within the election within the US,” stated Cotar, whereas speaking on the Plan B Convention in Lugano on 26 October 2024.
“Now they’re discussing it within 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.
“Speaking to my colleagues, I noticed they do not know what Bitcoin actually is. They thought it’s one thing terrorists use It’s killing the planet. How can we regulate it? Can we ban it? These are the discussions which can be happening within the German Bundestag (decrease home).” She made a speech in opposition to CBDCs or the digital Euro within the parliament, which acquired lots of consideration. She is working in the direction of inviting consultants to the parliament to elucidate what Bitcoin is actually about.
“Possibly the subsequent time they’re speaking about Bitcoin, they’re not speaking about how we are able to ban it.”
Reporting progress, Joana stated, “Politics is a marathon. It’s not a dash. So it is going to take lots of time for Germany. However we’ve members of all events represented within the German Bundestag listening to us, together with members from the Ministry of Finance and Economic system.”
“Possibly the subsequent time they’re speaking about Bitcoin, they’re not speaking about how we are able to ban it, however how we are able to use it to the benefit of the folks,” she insisted.
“Being in politics for such a very long time, I noticed that politicians and events are not often the answer for any issues,” Cotar added. “More often than not, they’re a part of the issue or they’re the issue. So we have to step up and provides the ability again to the folks. And Bitcoin is a device of freedom.”
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