The Bitcoin (BTC) community in Europe continues to be a voice in the fight against social issues plaguing the continent, according to podcast host Erik Dale.
The founder and CEO of the Northern Lightning conferences, which organize various Bitcoin events across Europe, believes that the mainland Bitcoin community is fostering ideals that will be crucial in addressing current conflict situations and social issues.
Speaking to Cointelegraph journalist Joe Hall during BTC Prague 2023 in the Czech Republic, Dale highlighted Bitcoin’s unique position to combat social and economic injustice in Europe, given the number of startups and companies building various tools for the iconic cryptocurrency:
“Europe is a continent facing challenges of war, of migration, of government overreach, and many people see Bitcoin as a way out of Europe, as a way out, and I am here to say that Bitcoin is also a voice .”
Dale believes that the Bitcoin community in Europe is building an “ecosystem of ideas” that could influence the development of the continent in the future.
The war continues to worry the host of the Bitcoin for Breakfast podcast, as the conflict between Ukraine and Russia does not cease. While nation-states are fighting each other, Bitcoin advocates are also facing an uphill battle in their campaign for the adoption of decentralized finance tools:
“I don’t think the battle for decentralization with Bitcoin is any different. I think there will be parallels with him; We can probably see reform and very shaky compromises that led to religious wars and civil strife.”
Dale hopes Bitcoin will become part of a peaceful new-age monetary revolution, taking inspiration from the Czech Republic’s fight against Nazism and Communism in the past.
“It was a velvet revolution here in Prague that showed us how peacefully we can get rid of a seemingly entrenched and corrupt system like fiat money or communism.”
The regulation of the cryptocurrency sector has given much to talk about in Europe in the last two years, and the European Union has taken steps to develop a comprehensive regulatory framework for the sector.
The Crypto Asset Markets Bill will come into effect in 2024 and will introduce a number of requirements for cryptocurrency exchanges and ecosystem participants to use and trade cryptocurrencies on the mainland.
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