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October 5, 2022
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Bitcoin

First MEP to convert his salary into Bitcoin

The number of parliamentarians around the world continues to increase using their salaries to buy bitcoin

Brussels MP Christophe De Beukelaer will convert his 2022 salary as a deputy into bitcoin. It will pass through the Belgian platform Bit4You.

With this, the deputy wants to show his confidence in Bitcoin and other cryptocurrencies. He wants to ask economic and political investors to take an interest in blockchain and “stimulate a deep reflection on our monetary system“.

“I want the Belgian political world to move, to legislate to facilitate the development of blockchains here. We already have very dynamic companies specialized in this area. Many countries are investing in blockchains, I don’t want Belgium to miss the blockchain train.” Said the deputy from Brussels

Today, central banks print notes without anyone talking about them. However, inflation has a big effect on people’s well-being. Cryptocurrencies are a second financial world, differently organized, decentralized. It is a form of monetary counter-power without an intermediary.

“I am the first in Europe, but not in the world, that wants to put the spotlight on cryptocurrencies with this step.”

Said deputy Christophe De Beukelaer.

“New York Mayor Eric Adams spent three months collecting his salary in Bitcoin to make New York the center of Bitcoin. I think it is not too late for Brussels and Belgium to play a leading role in the cryptocurrency sector.”

More politicians accepting cryptocurrencies

New York Mayor Eric Adams revealed that he had converted his salary into Bitcoin and Ethereum. The mayor drew some online mockery after receiving his first paycheck in cryptocurrencies on the cusp of a major crypto crash, but still, converting to bitcoin was a huge step for the mayor and New York City.

Although BTC has fallen along with almost the entire financial market, Erick Adams, however, seems not to be bothered by the devaluation of the asset. Last Sunday, he told CNN that he was a long-term investor:

“When you’re a long-term investor, you don’t keep an eye on your portfolio.”

The mayor of New York is not the only one”mayor with crypto” in the United States. Francis Suarez of Miami, Jane Castor of Tampa and Scott Conger of Jackson struggled to collect their salaries in Bitcoin.

In November, Suarez also announced his plan to distribute Bitcoin income to Miami residents through the MiamiCoin project.

Of course, it all started with the great advance of El Salvador that with its mayor, Nayib Bukele, made the country the first to legalize bitcoin as an official currency.

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