Belgian MP becomes first European politician to accept salary in Bitcoin

Belgian MP becomes first European politician to accept salary in Bitcoin

Bitcoin (BTC) craze among lawmakers has reached the Belgian parliament now, as Brussels member of parliament Christophe De Beukelaer became the first European politician to convert his salary to Bitcoin.

The Brussels MP’s monthly salary of EUR 5,500 will be converted to Bitcoin using Bit4You crypto trading platform, reported Bruzz. Beukelaer who represents Humanist Democratic Centre (CDH) party, hopes his move would inspire other politicians in the region to show a similar interest in the nascent tech. 

Our top trading bots

Beukelaer cited the example of New York City Mayor Eric Adams and how American politicians are working to make their native state or city a Bitcoin hub. He said:

“New York City Mayor Eric Adams has spent three months collecting his Bitcoin salary to make New York the Bitcoin hub. I think it is not too late for Brussels and Belgium to play a leading role in the cryptocurrency industry."

Miami Mayor Francis X. Suarez is another popular lawmaker who is known for his BTC advocacy. He has been quite vocal about making the city a Bitcoin hub and apart from getting his own salary in Bitcoin, he has been working on policies to avail the same option for the city employees.

Related: No regrets for NYC mayor receiving his first Bitcoin paycheck during dip

Not just politicians, some of the biggest names in the sports have also come forward to accept BTC salaries. A total of seven NFL stars have chosen to get paid in Bitcoin until now, similarly, NBA stars such as Klay Thompson and Andre Iguodala have also announced they would accept Bitcoin salaries moving forward.

The confidence of sports stars added with a growing number of politicians looking to get paid in BTC indicates the growing popularity of Bitcoin as an asset.

Read on relating to Cointelegraph
Indian state gov't uses Polygon to issue verifiable caste certificates
The Government of Maharashtra, one of India's state governments, has started issuing caste certificates over the Polygon blockchain to citizens residing...
Aave launches Web3 social media platform, Lens Protocol
Aave (AAVE), the decentralized finance lending platform, launched the Lens Protocol ecosystem on the Polygon (MATIC) blockchain as their way to challenge...
Profitability makes crypto mining more expensive in Argentina
China’s crackdown on mining has led miners to search for other countries in which to continue their operations. Promises of reduced costs led some to Argentina....
Price analysis 12/29: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE
The S&P 500 is trading near its all-time high but Bitcoin (BTC) has plunged about 30% from its all-time high at $69,000. Even after the sharp drop, Bitcoin...
Some Salvadorans claim funds are missing from their Chivo wallets
Some of the money from El Salvador’s state-issued Chivo wallets is reportedly missing, according to many Salvadorans posting on social media.In a Dec. 16...
Limit order protocols offer more flexibility and efficiency to DEX traders
As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One...
Deutsche Bank analyst: Bitcoin will be 'ultra-volatile,' but it’s here to stay
Marion Laboure, an analyst at Deutsche Bank’s research division, said she can envision Bitcoin taking the role of digital gold in the future: lasting for...
OpenSea’s NFT volume down 50% after monumental surge in August
Following a colossal surge of $4B sales volume throughout the month of August for the leading nonfungible token, or NFT, marketplace OpenSea, recent figures...
Bitso to assist the launch of El Salvador's official Bitcoin wallet Chivo
Bitso, a major cryptocurrency exchange in Latin America, will be the core crypto service provider for El Salvador’s official Bitcoin (BTC) wallet, known...
Budweiser uses $120K to purchase 'fan art' NFT and Beer.eth domain
Budweiser, a subsidiary of Anheuser-Busch InBev, appears to have unofficially sanctioned a piece of nonfungible token, or NFT, art after purchasing it for...
Bitcoin's evolving narratives make it antifragile
Over the years, Bitcoin has been able to overcome naysayers by frequently reinventing its narrative. Because Bitcoin (BTC) is multifaceted, it is able to...
Fetch.ai and Iota announce new data-sharing IOT partnership
Artificial intelligence research lab Fetch.ai has partnered with blockchain network Iota to enable a “controlled data sharing environment” for connected...
Jackson, Tennessee follows Miami's lead to adopt Bitcoin operations
Jackson, Tennessee is the latest city in the United States moving to adopt Bitcoin (BTC) payments and mining, following recent crypto developments in Florida.Jackson...
The Latest Crypto News In February Worldwide
No industry today is changing as fast as the cryptocurrency market. The news appears at a great speed and it’s important to follow it. Last month was no...
Bitcoin’s Volatility? In 2017 BTC Was More Stable Than In Its Early Days
Despite some 30% crashes in 2017, bitcoin managed to increase by total 1,400% last year, conquering the world’s financial stage. Banks are becoming more...