PANews reported on October 30th that, according to Cointelegraph, the German parliament plans to consider a motion urging the government to recognize Bitcoin as a unique decentralized digital asset and to treat it strategically. The main opposition party, the Alternative for Germany (AfD), submitted a formal motion to the Bundestag opposing over-regulation of Bitcoin. The motion, submitted on Thursday, argues that Bitcoin is fundamentally different from other crypto assets and should not be included in the EU's Crypto Asset Market Regulation (MiCA). The motion claims that over-regulation of Bitcoin-related parties in the implementation of MiCA by various countries would jeopardize Germany's innovation capabilities, financial freedom, and digital sovereignty. The party also calls for attention to the trend of Bitcoin as a national strategic reserve asset, criticizing the German government for not strategically recognizing Bitcoin. Furthermore, it advocates maintaining the current 12-month tax-free holding period, retaining the VAT exemption policy, and guaranteeing individuals' self-custody rights. This motion makes Germany another EU country to call for exploring a national Bitcoin reserve and relaxing MiCA regulations.PANews reported on October 30th that, according to Cointelegraph, the German parliament plans to consider a motion urging the government to recognize Bitcoin as a unique decentralized digital asset and to treat it strategically. The main opposition party, the Alternative for Germany (AfD), submitted a formal motion to the Bundestag opposing over-regulation of Bitcoin. The motion, submitted on Thursday, argues that Bitcoin is fundamentally different from other crypto assets and should not be included in the EU's Crypto Asset Market Regulation (MiCA). The motion claims that over-regulation of Bitcoin-related parties in the implementation of MiCA by various countries would jeopardize Germany's innovation capabilities, financial freedom, and digital sovereignty. The party also calls for attention to the trend of Bitcoin as a national strategic reserve asset, criticizing the German government for not strategically recognizing Bitcoin. Furthermore, it advocates maintaining the current 12-month tax-free holding period, retaining the VAT exemption policy, and guaranteeing individuals' self-custody rights. This motion makes Germany another EU country to call for exploring a national Bitcoin reserve and relaxing MiCA regulations.
The Alternative for Germany (AfD) party urged the government to view Bitcoin as a strategic asset.
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PANews reported on October 30th that, according to Cointelegraph, the German parliament plans to consider a motion urging the government to recognize Bitcoin as a unique decentralized digital asset and to treat it strategically. The main opposition party, the Alternative for Germany (AfD), submitted a formal motion to the Bundestag opposing over-regulation of Bitcoin. The motion, submitted on Thursday, argues that Bitcoin is fundamentally different from other crypto assets and should not be included in the EU's Crypto Asset Market Regulation (MiCA). The motion claims that over-regulation of Bitcoin-related parties in the implementation of MiCA by various countries would jeopardize Germany's innovation capabilities, financial freedom, and digital sovereignty. The party also calls for attention to the trend of Bitcoin as a national strategic reserve asset, criticizing the German government for not strategically recognizing Bitcoin. Furthermore, it advocates maintaining the current 12-month tax-free holding period, retaining the VAT exemption policy, and guaranteeing individuals' self-custody rights. This motion makes Germany another EU country to call for exploring a national Bitcoin reserve and relaxing MiCA regulations.
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