{"id":19993,"date":"2024-12-30T10:05:19","date_gmt":"2024-12-30T08:05:19","guid":{"rendered":"https:\/\/forklog.com\/en\/former-finance-minister-advocates-for-cryptocurrency-reserves-in-germany-and-europe\/"},"modified":"2024-12-30T10:05:19","modified_gmt":"2024-12-30T08:05:19","slug":"former-finance-minister-advocates-for-cryptocurrency-reserves-in-germany-and-europe","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/former-finance-minister-advocates-for-cryptocurrency-reserves-in-germany-and-europe\/","title":{"rendered":"Former Finance Minister Advocates for Cryptocurrency Reserves in Germany and Europe"},"content":{"rendered":"<p><span data-descr=\"European Central Bank\" class=\"old_tooltip\">ECB<\/span> and Germany&#8217;s Federal Bank should consider incorporating crypto assets into their reserves, following the example of the United States. This view was <a href=\"https:\/\/www.handelsblatt.com\/finanzen\/geldpolitik\/geldpolitik-fdp-chef-lindner-will-kryptowaehrungen-als-zentralbankreserven\/100097423.html\">expressed<\/a> by former Finance Minister and chairman of the <span data-descr=\"Free Democratic Party of Germany\" class=\"old_tooltip\">FDP<\/span>, Christian Lindner. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe new [Donald] Trump administration is pursuing an extremely progressive policy regarding crypto assets such as Bitcoin. [&#8230;] But Germany and Europe must not allow themselves to fall behind again. Therefore, Frankfurt should consider whether crypto assets should also become part of central bank reserves,\u201d he noted.<\/p>\n<\/blockquote>\n<p>According to Lindner, establishing a crypto reserve would help strengthen the treasury, as \u201ccrypto assets now constitute a significant part of global wealth growth.\u201d<\/p>\n<p>The FDP leader also acknowledged the many risks associated with cryptocurrencies, including their volatility. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNo one will invest all their savings in them. However, since these are decentralized systems where no one has unilateral power, political risks are calculable. Classic assets, such as precious metals, are also subject to fluctuations,\u201d added the former minister.<\/p>\n<\/blockquote>\n<p>Meanwhile, on December 30, Hong Kong lawmakers <a href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20241230\/a10-1230.pdf\">proposed<\/a> adding Bitcoin to local financial reserves and using an Exchange Traded Fund for further purchases of the leading cryptocurrency.<\/p>\n<p>Earlier in December, the Japanese government viewed the prospect of creating a state Bitcoin reserve with skepticism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ECB and Germany&#8217;s Federal Bank should consider incorporating crypto assets into their reserves, following the example of the United States. This view was expressed by former Finance Minister and chairman of the FDP, Christian Lindner. \u201cThe new [Donald] Trump administration is pursuing an extremely progressive policy regarding crypto assets such as Bitcoin. [&#8230;] But Germany [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1641,733,109,1138],"class_list":["post-19993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-reserves","tag-europe","tag-germany","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19993"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19992"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}