Official announcements from the European Union or its member states

French MEP Urges EU to Establish Bitcoin Reserve, Opposes Digital Euro

Dec 17, 2024, 10:59 AM

Sarah Knafo, a French representative to the European Parliament and a member of the Reconquête party, has delivered a pro-Bitcoin speech advocating for the establishment of a 'Strategic Bitcoin Reserve' in the European Union. Knafo criticized the European Central Bank's plans for a digital euro, calling it a 'totalitarian temptation'. She argued that investing in Bitcoin would protect European citizens from inflation and poor economic choices by states. The speech marks a significant moment as it is the first time a French political party has explicitly supported Bitcoin and related projects, including the creation of a national Bitcoin reserve. Knafo also called for the development of the mining industry in Europe and a reduction in taxes on cryptocurrency holders.