Salary Conversion into Bitcoin, Belgium MP Christophe De Beukelaer becomes first in Europe to do so
The MP of Belgium has taken a step towards the legalization of digital currency and converted his salary into Bitcoin, a digital unauthorized currency.
Christophe De Beukelaer, after converting his salary into Bitcoin, it could be assumed that is the first person who authorized the international digital currency known as Cryptocurrency in Europe.
Highlighted Facts
- Christophe De Beukelaer objected to its support for such mode of an asset in the Cryptocurrency world.
- The lawmaker of Belgium has taken a step in the promotion of Bitcoin and also wishes to inspire other politicians.
- The source of MPs inspiration over such a currency is the New York City Mayor Eric Adams. Christophe thanked him.
Read More: Ahead of Budget Session of Parliament And Crypto Bill Timeline in India
The trend of cryptocurrency in all parts of the world is continuously increasing and the investment in such currency acquires a high percentage of the top richest persons of the world. Recently, the Belgium MP has converted his monthly salary of EUR 5,500 (INR 4.5 lakh) to Bitcoin which constitutes the amount BTC 0.17. At the time of the conversion, the price of Bitcoin was trading at $36,416 (INR 27 lakh) on the international crypto-exchange CoinMarketCap.
The step which has been taken by Christophe De Beukelaer to convert its salary to Bitcoin is looking as the supporting behavior for the currency and also it has become the first politician in Europe who has accepted Bitcoin.
MP Christophe has also posted a thread on his Twitter handle, explaining that this is his way of showing confidence in cryptocurrency.
“US and Asia giants are investing heavily in Crypto. And the EU? Are we still going to wake up after 10 years and find that we missed the train? Centralized trade finance is not going away. These two worlds must cooperate,” one of his tweets revealed the information.
The politician of Belgium’s Humanist Democratic Centre chose the crypto trading platform ‘Bit4You’ to exchange its salary for Bitcoins, the information has been revealed in a report which was released by Coin Telegraph.
This time is not the first in itself that he is converting his salary in Bitcoin, previously he also made the Bitcoin through its salary.
The other tweet was posted by Christophe in which he showed his gratitude towards Eric Adams, who is the mayor of New York City for inspiring him to invest in Bitcoin.
The trend of accepting the salary in the form of Bitcoin is also very popular in different parts of the world where many sports star is also expecting to see their salary in the form of cryptocurrency the next time.
NBA player, this month also said in a tweet that they are expecting to see their salary in the form of Cryptocurrency, such names are Klay Thompson and Andre Iguodala.
The billionaire investor Mark Cuban’s Team Dallas Mavericks has been getting the salary in the terms of Bitcoin since 2019.
India has also shown its concerns over the matter of Cryptocurrency and the rise of the influential situation in the nation. India has the highest investor in cryptocurrency and recently the ongoing budget season of Parliament might see the Crypto bill in the discussion table.
Read More: Cryptocurrency Fraud Worth Of Rs. 2 Crore In Bengaluru, Police Initiates Inquiry: Report
