Topic: Belgian MP becomes the first European politician to accept salary in Bitcoin (Read 199 times)

this is the best news I have seen about the salary of a parliamentarian in Belgium receiving Bitcoin in his monthly salary, Bitcoin received monthly is equivalent to the value of EUR, this has no effect on the rise and fall of Bitcoin, the same members on this forum who receive payments with $ in Btc.

This is called flowing with the trend, there is no way he will be an international news worthy candidate if not for the adoption of BTCitcoin and he made international news with his action and a good PR work  . I am in the BTCitcoin space for a very long time but there is no way i am going to accept my salary in BTCitcoin. The freedom of when to invest should be on me and for publicity it is a good stunt .

This is good news. Of course, the man won't be paid in Bitcoin by the government. The government doesn't pay in Bitcoin, after all. However, regardless of the fact that it is simply a matter of personal initiative that he converts his salary in Bitcoin, it is still a laudable thing.

The next thing I'd like to know is how he's going to be spending his salary after the conversion.

And also, I'm excited how much he'd be enlightening his peers in the parliament regarding Bitcoin. Will his presence and pro-Bitcoin stance in the parliament amount to something in the adoption of Bitcoin in the country?

That's a piece of good news and can give an inspiration for those who are still doubting cryptocurrency as an asset class because these people are working with the government that's why their crypto support can tell meanings and I believe it matters because they are from the government itself so I'm hoping that these trends will continue further and spread in all governments around the world if it's possible.

You got some point there but either way of the two its still catchy in my opinion because he is a politician and not just an ordinary citizen. He can influence the other government employees to do the same thing and if more of them get used on doing it maybe soon they will automatically receive their salary in bitcoin without going to convert them first just to cut the hustle but for now its only one politician doing this and I think they are testing things first, he is giving the option to convert his salary on btc or not depending on the market. That is better so that he can lessen the risk of loosing. It is nice that more good things keeps on coming to btc.

Misleading headline and I believe this was done deliberately to attract attention to it, you can't be paid your salary in Euros and receive it in Bitcoin. The only way he'll become the first MP to receive his salary in BTC is when the Gov pays him directly into his BTC wallet.
A better headline is an European MP buys Bitcoin with his full salary monthly. I don't think that is catchy though.

Are there even any high-profile cases of people receiving salaries in Bitcoin directly? So far it all seemed like stunts to promote some exchanges and payment proxies.


That's a good point, middle class and poor people can't afford to risk with Bitcoin's volatility when it comes to money that they are spending on a daily basis. A 20% slide in price might be "just a dip" for a wealthy person, but it could seriously screw someone who won't be able to meet their monthly bills.

It would be nice if he receives bitcoin directly, though I understand that the complexity of such arrangement in their current setup would hinder this from being done. Either way, props to him for doing this to raise awareness and to urge people within the same line of work to look into bitcoin and see what's with the cryptocurrency, and not just judge it with a 10-ft stick. Then again, we know that the dude won't probably be doing this if he's living paycheck to paycheck just like most of us here.

Based on its function, bitcoin can be used to pay for anything, including paying the salaries of government officials. I guess right now only El Salvador might try to do it first than other countries ^{[I have no information on that]} but other countries haven't been able to do it given the legality of bitcoin itself.

But the government will not agree with bitcoin, news is something called distortion of facts for other purposes ^{[perhaps promoting exchange]} where some sentences are misinterpreted. Most countries pay their employees' salaries through banks, so it's unlikely that banks will redeem them for bitcoin if they haven't adopted it. But the news can also have a positive impact on interest which can affect market demand.

I am probably the first guy who accepted his salary in pizza, juice, detergent, gas, and cinema tickets, got my paycheck last week, filled the gas tank, done some shopping, and just now I've reserved some seats for tomorrow. Since I bought 2 years ago some monero, am I the first to get a wage in monero? 


The fact that they had to mention with whom he exchanged his coins is clear this was a publicity stunt, and btw:


He said in the same interview he is rich enough to afford to lose all that and live without his salary for a year.

If that's the justification, then I think it makes no difference to many other countries. I can also buy bitcoins on any trading platform I like after the government fills my account balance with monthly salary. It doesn't mean the government has paid my salary in bitcoin, but I use my salary to buy bitcoin. I just think it's a good endorsement for bitcoin from a public figure that might stimulate others to buy. But if people think the government is starting to pay salaries with bitcoin, then that is a mistake.

It is still difficult for the government to adopt bitcoin as a currency let alone pay salaries with bitcoin. But that can be expected when many countries start adopting bitcoin as a means of payment, but not now.

It's good for Bitcoin's publicity and reputation, but I wonder what he'll do then. Can he afford to hodl all of his salary? If yes, I can't help thinking where he gets his money for actual living. If he's planning to use this money, are there enough options in Belgium to do so? Or will be basically be forced to convert it back to fiat one way or another to pay for groceries, utility bills and things like that?
The same holds for the mayor of New York, by the way. And it's still an important gesture, I think. Of course it's not nearly as significant as receiving your salary in Bitcoin, but still. It's especially nice in these times of the low price to see that some people show their support to it.

If we have been reading and hearing for weeks about how the mayor of NY will receive three of his salaries in Bitcoin (in the same way as this Belgian member of parliament), then I guess the EU must have its 5 minutes of glory in a politician who wants to do the same.

So while some will say that the two cases do not have the same weight in terms of impact on Bitcoin given the position of the mayor of NY - I would still say that Christophe De Beukelaer🇧🇪, unlike Eric Adams, understands the difference between Bitcoin and shitcoin. Of course, I am thinking of the fact that Adams is investing his salary in one altcoin in addition to BTC.

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He will not do anything (for now) because he is not a member of the EU Parliament but of the Belgian National Parliament. Even if he is a member of the EU parliament, he could hardly do anything in that chicken coop full of incompetent politicians, of which at least 90% have no idea what Bitcoin is.

As for the use and tax on Bitcoin, there are at least some EU members that are quite advanced in this regard - for example, Portugal, Germany, Slovenia, Croatia and maybe some other countries - to seek a common solution at the moment is completely impossible - for years EU members have not been able to agree to accept the AML5 directive because some national parliaments have not adopted it. 

i am not excited about which politician/celebrity gets paid or converts to bitcoin.
what i find more interesting is, what the politician/celebrity wants to do in the crypto industry to help innovate and expand its reach in business/personal use of their nation

EG new york mayor wants to repeal the silly NYBitlicence that has hindered crypto start-ups. thus freeing businesses to use crypto more in NY.

EU seems positive about allowing crypto (within its regulated conditions ofcourse) but i wonder what Christophe De Beukelaer will do in the EU parliament to stream line and help towards regulations that help innovate and grow crypto usage, rather then stifle, limit usage in the EU

I have no issue with the technicalities of this whole thing. Even if Christophe De Beukelaer is not actually directly accepting his salary in Bitcoin, the point is he is investing with Bitcoin and that means we can assume that he is really sold with Bitcoin and doing it these days when BTC is on the dip can mean that when it is up he can be one of the many who would be smiling all day long. Of course, we can expect that when there will be another dip some people can be asking him if he did the right thing - a cycle when you are involved with a famous personality so if you are not famous don't worry on this. Anyway, am hoping that soon we can see an avalanche of people known to many who will also go for Bitcoin either directly accepting their salary on BTC or maybe just accepting it on fiat money and then convert them to Bitcoin.

More politicians have been getting involved with cryptocurrency adoption. Getting paid in Bitcoin by politicians might create some positive movement among people who still fear using cryptocurrencies thinking it as illegal or something that is made for the darkweb.

In recent days Eric Adams and Christophe De Beukelaer from different nations have made change. This is something done revealing it to the world. This means it is something an investment thinking the future. By the time there will be more politicians who'll be using bitcoin long back itself to launder money and for corruption.

Aha, but he converted it himself, so how's that different from investing? Correct me if I'm wrong, but he is not actually being paid in BTC, he's just taking regular money and converting it to BTC? If that's the case, I do applaud him, but until there are actuall options to get paid by your employer in BTC, then we haven't really moved that much forward. But on the positive side, it could nudge other high-ranking officials to do the same, and with that tilt the positive. sentiment towards crypto. Good move on his part.

Highly commendable when politicians genuinely adopts Bitcoin without it been a political stunt, it's a big challenge to the rest of his colleagues, I think one final hindrance to crypto-currency adoption is the government and when this is over comed we would see more adoption of crypto-currency.

Just as what I've thought of and comparing it with the New York's mayor. I thought that this Belgian MP would be accepting directly his salary in bitcoin.
But just like the mayor, they have to convert and buy bitcoin using this salary. More and more of these politicians are seeing the true potential of bitcoin. Wishing that more of them would be investing in bitcoin but I also smell that bad politicians will take advantage of it too.

More and more findings that we have with politicians and other influential people have opened their thinking about crypto to be more positive. this signifies quite good news for adoption that as much as possible can motivate others to be interested and try to get to know Bitcoin in their daily lives. Since most of these politicians are young and up-to-date around the world of technology, what they decide has a pretty good future as a form of support for Bitcoin.