The Bitcoin (BTC) community in Europe is actively engaging in combating social problems in the region, according to Erik Dale, the podcast host of Bitcoin for Breakfast.
Dale, who is also the founder and CEO of Northern Lightning conferences that organize Bitcoin events in Europe, believes that the European Bitcoin community is promoting values that will play a crucial role in addressing ongoing conflicts and social issues. During an interview with Cointelegraph journalist Joe Hall at BTC Prague 2023 in the Czech Republic, Dale emphasized that Bitcoin has the potential to combat social and economic injustices in Europe due to the presence of numerous startups and companies developing various tools for the leading cryptocurrency.
Dale views Europe as a continent facing challenges such as war, migration, and government overreach. While some people see Bitcoin as an escape from Europe, Dale asserts that Bitcoin can also be a voice for change. He believes that the wider Bitcoin community across Europe is creating an “ecosystem of ideas” that could influence the continent’s development in the future.
Despite the ongoing Ukrainian-Russian conflict and nation-states battling against each other, Dale draws parallels between the struggle for decentralization with Bitcoin and historical events like religious wars and civil strife stemming from the reformation era.
Drawing inspiration from the Czech Republic’s history of fighting against Nazism and communism, Dale envisions Bitcoin as a peaceful monetary revolution for the modern age. He refers to the “velvet revolution” in Prague as an example of peacefully overthrowing seemingly entrenched and corrupt systems like fiat or communism.
However, the cryptocurrency industry in Europe has been subject to discussions and debates surrounding regulations. Over the past two years, the European Union has been working on developing a comprehensive regulatory framework for the cryptocurrency space. The forthcoming Markets in Crypto-Assets bill, expected to be implemented in 2024, will introduce various requirements for cryptocurrency exchanges and participants in order to facilitate the trading and use of cryptocurrencies on the continent.
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