Regulation
Germany’s AfD Calls for Euro Exit and Bitcoin Deregulation Before Election
As Germany prepares for its parliamentary election on February 23, political parties are outlining their plans for the economy and finance.
The far-right Alternative for Germany (AfD) is making bold proposals, including leaving the euro currency bloc and deregulating Bitcoin. These positions contrast with other major parties, which focus on financial regulation, taxation, and market stability.
AfD Calls for Euro Exit and Bitcoin Deregulation
The AfD is calling for Germany to abandon the euro and reinstate the Deutsche mark, backed by gold reserves. This long-standing position opposes the widespread public and business support for the euro. The party also demands that Germany repatriate its gold reserves held abroad.
On cryptocurrency, the AfD proposes “extensive deregulation” of Bitcoin, wallets, and trading. This approach differs from the cautious stance of financial regulators.
The party also opposes the introduction of a digital euro, which the European Central Bank is currently developing. Additionally, it seeks to enshrine cash payments as a constitutional right, ensuring their continued use in daily transactions.
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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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