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German Ex-Minister of Finance: 'It is time to recognize the opportunities of Bitcoin and Co. in Germany'

Web3/Crypto

Christian Lindner, Ex-Federal Minister of Finance and leader of the Free Democratic Party (FDP) | Bundesregierung

By Crypto Republique

Dec 27, 2024

Christian Lindner, former Federal Minister of Finance and leader of the Free Democratic Party (FDP), has advocated for Germany to embrace the opportunities presented by Bitcoin and other digital currencies. His statement was shared via X on December 16.

"It is time to recognize the opportunities of Bitcoin and Co. in Germany," said Lindner, leader of the Free Democratic Party (FDP).

According to Lindner's post, he discussed in a video the lack of a central debate in Germany’s Bundestag regarding Bitcoin and cryptocurrency policies. He emphasized that key leaders, including the Chancellor, Economics Minister, and opposition figures, have not addressed this issue. Lindner warned that the United States is advancing a crypto-friendly agenda and capitalizing on opportunities that Germany risks missing.

Christian Lindner's post | X

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In July 2024, former President Donald Trump announced plans to make the U.S. the "crypto capital of the planet" and establish a Bitcoin strategic reserve. Speaking at a Bitcoin conference in Nashville, Tennessee, Trump pledged to embrace cryptocurrency and position the U.S. as a "Bitcoin superpower" if re-elected, according to a report by the Associated Press.

On Truth Social, Trump revealed that David O. Sacks would serve as the "White House A.I. & Crypto Czar," responsible for shaping U.S. policy on artificial intelligence and cryptocurrency. Trump said that "David will focus on making America the clear global leader in both areas. He will safeguard free speech online and steer us away from Big Tech bias and censorship."

The Markets in Crypto-Assets Regulation (MiCA) establishes uniform rules for crypto-assets within the European Union (EU). It requires service providers to obtain authorization and ensures consumer wallet protection by holding them liable if they lose investors' crypto assets. MiCA includes provisions on transparency, disclosure, and supervision for crypto-asset issuers and traders.

Lindner served as Federal Minister of Finance from December 2021 to November 2024 while leading Germany's Free Democratic Party (FDP). He led the FDP to strong results in the 2021 elections with a focus on economic growth, financial stability, digitalization, and education.

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