As a seasoned European investor with a keen eye for spotting opportunities in the digital asset realm, I find Sarah Knafo’s stance on Bitcoin and CBDCs particularly intriguing. Having navigated through the turbulent waters of traditional finance and witnessed the slow pace of innovation from our esteemed institutions, I can’t help but feel a sense of validation hearing her call for a strategic Bitcoin reserve.
Lawmaker Sarah Knafo from Europe advocates for the creation of a tactical Bitcoin reserve within the European Union, while she dismisses the idea of adopting the “digital euro,” a central bank digital currency currently being developed by the European Central Bank.
In a recent address, Knafo – a French judge and current European Parliament member since June – advocated for Bitcoin (BTC), urging fellow European legislators to consider establishing a strategic Bitcoin reserve.
In a recent post on X, Knafo expressed her stance as follows: “I’m against the digital euro and in favor of strategically holding Bitcoin.” This statement was made during her speech before the European Parliament, which was also accompanied by a video of her remarks.
The legislator emphasized that it’s necessary to curb the “tendencies towards totalitarianism” shown by the European Central Bank, suggesting a move away from excessive regulation in cryptocurrencies and instead embracing the decentralized characteristics inherent in Bitcoin.
Knafo slams Europe for focusing on regulation and taxation
During her talk, Knafo discussed similarities and differences in how various countries are regulating cryptocurrencies, using examples such as El Salvador’s decision to adopt Bitcoin last year and the pro-cryptocurrency stance of the administration of then-President-elect Donald Trump in the United States.
Additionally, she pointed out that the Chairman of the U.S. Federal Reserve, Jerome Powell, likened Bitcoin to digital gold around early December.
As a crypto investor, I’ve noticed a striking contrast in regulatory approaches between my home region and others. In Europe, it seems like they’re taking a more regulator-centric approach, with a primary focus on regulation, taxation, and curbing innovation – perhaps to ensure a stable and secure environment for the industry’s growth.
As an analyst, I am advocating for a shift in perspective. It’s high time we prioritize safeguarding our citizens from inflation and economically detrimental decisions made by our states. I stand firm against the alluring yet potentially oppressive tendencies of the European Central Bank, which aims to monopolize the creation and control of a digital euro.
This is a developing story, and further information will be added as it becomes available.
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2024-12-17 14:56