German policymakers are stepping up efforts to integrate blockchain and Bitcoin into their financial system. At a recent roundtable on blockchain hosted by Fraktion der Freien Demokraten and Frank Schäffler, MPs and experts explored some of the key proposals that could help the government achieve its goal.
the Round table discussion The conference, held in the German Parliament, attracted the presence of key German policymakers, including Christian Lindner, a former finance minister, and Patrick Hansen, an executive in the department.
German Bitcoin Initiative: Lindner recommends next steps
Former Finance Minister Christian Lindner was one of the guests at the Blockchain Roundtable and extensively discussed what the German government could do to accelerate its immersion in Blockchain and Bitcoin.
Roundtable on Blockchain in the German Parliament
Former Minister of Finance @c_lindner He identified three possible next steps for Germany and the EU to compete in this area:
Issuing German government bonds on blockchain technology
Capture the discussion about strategy #Bitcoin Reserve
… pic.twitter.com/awRpYrf2bI
– Patrick Hansen (@paddi_hansen) January 10, 2025
According to Lindner, there are three ways for the government to compete in this industry. First, the German government could issue bonds on blockchain technology. Second, it could encourage discussions and debates about creating a German Bitcoin reserve. If this happens, Germany could follow the example of other countries that are actively seeking to use Bitcoin as a reserve.
Third, it could allow Bitcoin ETFs into the EU, which is currently limited to ETFs/ETFs. Approval for trading of spot Bitcoin ETFs will provide retail investors with a convenient way to invest in institutional-grade and highly regulated investment options, thus boosting blockchain adoption in the region.
Germany suffers a loss of Bitcoin in 2024?
Interestingly, the German government seized control of 50,000 Bitcoins last year. In January 2024, bitcoins were confiscated from Movie.2k.com, which runs pirated movies. About 50,000 bitcoins were seized as part of the operations, and were offered for sale between June 19 and July 12 last year at a price of US$53,000 each. Bitcoin. These transactions generated more than $2.8 billion for the German government.
However, not everyone was happy with the outcome after witnessing a rise in Bitcoin prices that began weeks after transactions were completed. Weeks after the deal, Bitcoin rose to $88,000, and by the time the United States elected Donald Trump for his second administration, Bitcoin had already crossed the $100,000 mark.
According to market watchers, the impressive price of Bitcoin has reached over $100,000 in just a few months, highlighting the impact of early sales in Germany and underscoring the importance of having a Bitcoin policy.
Germany’s renewed interest in Bitcoin
With Bitcoin trading at more than $90,000 and Trump is pro-Bitcoin After taking office in the US, many commentators and analysts are predicting better days for blockchain and digital assets. German policymakers are making up for lost ground by revisiting discussions to pursue a Bitcoin program. For example, Lindner spoke in the Bundestag last December, reflecting on the government’s “missed opportunity” in Bitcoin. He also shared that the US is ready to implement its own Bitcoin policies under Donald Trump.
Featured image from Pexels, chart from TradingView
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