The post Bitcoin Reserve Plan Unveiled By Polish Presidential Candidate appeared on BitcoinEthereumNews.com.

Sławomir Mentzen, chairman of the Polish “New Hope” party and a contender in the upcoming presidential election, announced his plans for establishing a strategic Bitcoin reserve in Poland during a discourse on X. The initiative underscores Mentzen’s vested interest in Bitcoin, evidenced by his personal investment of 33.7 BTC, valued at over $3 million. Will Poland Establish A Bitcoin Reserve? The announcement gained prominence when Lech Wilczyński, Chief Executive Officer at Instar Energy Lab S.A. and Co-Founder of InPay, publicly queried Mentzen regarding his stance on promoting a strategic Bitcoin reserve in Poland. In response, Mentzen unequivocally affirmed his position with the statement, “Obviously.” Wilczyński wrote via X: “The draft bill on the Strategic Bitcoin Reserve is available for use. There is no point in waiting. Instead of passing a nonsense bill on crypto assets, this should go first before it is too late. Will the president Slawomir Mentzen seek to create a strategic reserve in Poland?” The draft bill referenced by Wilczyński originates from the non-profit organization “Satoshi Action Fund.” Notably, the US-based lobbying group, led by Dennis Porter, provided assistance in submitting a similar bill to the Pennsylvania House of Representatives. Mentzen’s endorsement of the Bitcoin reserve initiative gained further traction on X, where he reposted relevant tweets and later made an additional declaration. In the evening following his initial endorsement, Mentzen added: Poland should create a Strategic Bitcoin Reserve. If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators. BTC to the Moon! Despite the momentum behind the Strategic Bitcoin Reserve plans, it remains uncertain whether Poland will adopt this strategy imminently. Poland’s unique position within the European Union, utilizing its national currency—the złoty—and not being part of the…

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Filed under: News - @ November 18, 2024 7:21 am