"Germany's Alternative for Germany (AfD) party has introduced a proposal to create a national Bitcoin reserve. The initiative marks a potential turning point for Europe's largest economy, which only a year ago was criticized for liquidating billions in seized Bitcoin holdings. The motion, which needs to be approved, would make Germany the first major European nation to integrate Bitcoin directly into its national reserves, signaling a growing shift in Europe toward viewing Bitcoin not as a speculative asset, but as a sovereign reserve instrument."
"The AfD's motion, submitted last week, calls on the federal government to begin accumulating Bitcoin as part of its long-term reserve strategy. The proposal argues that the EU's MiCA framework was designed for centrally issued tokens and should not apply to Bitcoin, which has no issuer or central authority. It urges the government to avoid regulatory burdens on non-custodial wallet providers and Lightning node operators, maintain Germany's tax exemption on Bitcoin held for more than a year."
"In the proposal's Section I, point 5, the AfD criticizes the German government for failing to recognize Bitcoin's strategic potential, specifically noting that Berlin has not considered holding Bitcoin as part of its national reserves. Later in the explanatory section, the document expands on this idea, describing Bitcoin as "Outside Money" and suggesting that, in times of global monetary and geopolitical instability, it could serve as a "potential, easily transferable asset within state currency reserves.""
The AfD submitted a motion calling on the federal government to accumulate Bitcoin as part of a long-term national reserve strategy. The motion argues that the EU's MiCA framework targets centrally issued tokens and should not apply to Bitcoin, which has no issuer. The proposal requests avoidance of regulatory burdens on non-custodial wallet providers and Lightning node operators, preservation of the one-year tax exemption on held Bitcoin, and non-classification of private mining or Lightning activity as commercial. The motion frames Bitcoin as state-free and Outside Money that could serve as a transferable reserve asset during instability.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]