Sarah Knafo, a member of the European Parliament, has urged the European Union to rethink its approach to digital currencies.
She called for the creation of a strategic Bitcoin
Knafo criticized the ECB and warned against what she described as “totalitarian temptations” associated with controlling a digital euro.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer videos every week!
What Are Crypto Rollups? ZKSnarks vs Optimistic Rollups (ANIMATED)
Furthermore, Knafo highlighted a statement from US Federal Reserve Chair Jerome Powell, who recently compared Bitcoin to “digital gold”.
She also mentioned El Salvador’s adoption of Bitcoin as a national currency in 2021 and the more crypto-friendly stance emerging in the United States.
In contrast, Knafo said Europe has taken a stricter path. Instead of encouraging innovation, EU regulators have focused on rules, taxes, and restrictions that hold back progress.
In a recent speech shared on social media, Knafo made her position clear:
No to the digital euro, yes to a strategic reserve of Bitcoin.
Knafo ended her speech by urging lawmakers to prioritize protecting citizens from inflation and poor economic decisions. She argued that a decentralized option like Bitcoin offers more security and freedom than a fully controlled digital euro.
“It is time to change the paradigm”, Knafo said, calling for a new direction in Europe’s financial policies.
While Europe rethinks its approach to crypto, the US is taking steps to lead the way. Recently, Donald Trump shared his plan to make the US a leader in the crypto industry. What is Trump’s strategy? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
