Sarah Knafo, a member of the European Parliament, has urged the European Union to rethink its method to digital currencies.
She referred to as for the creation of a strategic Bitcoin
Knafo criticized the ECB and warned in opposition to what she described as “totalitarian temptations” related to controlling a digital euro.
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Moreover, Knafo highlighted a press release from US Federal Reserve Chair Jerome Powell, who lately in contrast Bitcoin to “digital gold”.
She additionally talked about El Salvador’s adoption of Bitcoin as a nationwide foreign money in 2021 and the extra crypto-friendly stance rising in america.
In distinction, Knafo stated Europe has taken a stricter path. As a substitute of encouraging innovation, EU regulators have targeted on guidelines, taxes, and restrictions that maintain again progress.
In a latest speech shared on social media, Knafo made her place clear:
No to the digital euro, sure to a strategic reserve of Bitcoin.
Knafo ended her speech by urging lawmakers to prioritize defending residents from inflation and poor financial selections. She argued {that a} decentralized possibility like Bitcoin gives extra safety and freedom than a completely managed digital euro.
“It’s time to change the paradigm”, Knafo stated, calling for a brand new course in Europe’s monetary insurance policies.
Whereas Europe rethinks its method to crypto, the US is taking steps to cleared the path. Just lately, Donald Trump shared his plan to make the US a frontrunner within the crypto business. What’s Trump’s technique? Learn the total story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Warfare II period.
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Aaron is the go-to particular person for every thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to rework the area as we all know it, and make it extra approachable to finish novices.
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