French MP Knafo: 'No to the digital Euro, yes to a strategic national reserve of Bitcoin'

The digital euro is a proposed central bank digital currency (CBDC) under consideration by national central banks in the euro area. It would act as an electronic equivalent to cash, complementing physical banknotes and coins, and be available for electronic payments in shops, online, and between individuals, according to the ECB.

Bitcoin is widely regarded as a decentralized and secure digital asset, often positioned as an alternative to traditional monetary systems. Trust Machines reported that Bitcoin prioritizes security and decentralization through its Proof of Work consensus mechanism and write-only ledger. The network uses Layer 2 protocols, such as Lightning, to support scalability while maintaining its decentralized structure.

EU institutions, including the ECB, are actively discussing the potential of digital currencies to enhance financial stability and ensure global competitiveness. This initiative focuses on addressing technological advancements and reducing dependency on external payment providers. According to Reuters, this is part of a broader global trend with 134 countries representing 98% of the global economy currently investigating central bank digital currencies.

Knafo is also noted for her roles within various committees in the European Parliament. She serves as a member of the ITRE Committee on Industry, Research, and Energy and participates in delegations for relations with Maghreb countries and the Union for the Mediterranean.