French Member of Parliament (MEP), Sarah Knafo, has expressed strong support for Bitcoin while opposing the European Union’s plans for a digital euro. During a parliamentary session on December 16, 2024, Knafo argued that a digital euro could undermine individual financial autonomy and lead to excessive state control over personal finances.
The MEP emphasized that Bitcoin represents a decentralized alternative that aligns with principles of freedom and transparency. Meanwhile, the European Central Bank (ECB) has been exploring the introduction of a digital euro, a central bank digital currency (CBDC). However, this initiative has faced criticism from various quarters, including concerns about privacy, government overreach, and the potential impact on traditional banking systems.
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