The post German Policymakers Working on New Bitcoin Adoption Strategy appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Policymakers in Germany are considering options required for the country to adopt Bitcoin (BTC) and become competitive in the digital currency space. This formed part of the discussions at a recent Blockchain Roundtable in the German Parliament. Patrick Hansen, Circle’s Senior Director of EU Strategy & Policy, revealed this in a post on X. Germany’s proposed strategic approaches for Bitcoin adoption According to the post, the country’s former finance minister, Christian Lindner, highlighted three critical ways to approach it. First, Lindner suggested that the German government issue bonds on the blockchain. This involves using blockchain technology to issue government bonds for efficiency and transparency on the bond market. The move would position Germany as a leading nation in that regard. Blockchain Roundtable in the German Parliament 🇩🇪 Former Finance Minister @c_lindner outlined three potential next steps for Germany/EU to compete in this space: 1️⃣ Issue German government bonds on the blockchain2️⃣ Pick up the discussion on a strategic #Bitcoin reserve 3️⃣… pic.twitter.com/awRpYrf2bI — Patrick Hansen (@paddi_hansen) January 10, 2025 Related A second option would involve Germany or the EU deciding to hold Bitcoin as a strategic reserve asset. If agreed upon, it would align with the recent interest by governments across the globe to adopt the asset as a store of value and hedge against inflation. Another…

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Filed under: News - @ January 10, 2025 10:21 pm