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A New Trend Emerging? Belgian Politician To Receive His Salary in Bitcoin

By:
Felipe Erazo
Published: Jan 27, 2022, 19:34 UTC

The representative from the Humanist Democratic Centre (cdH) party wants to strengthen the usage of cryptos across Belgium.

Bitcoin Euro FXEmpire

A new trend seems to have emerged amongst politicians worldwide, as crypto adoption keeps skyrocketing within that sphere.

Christophe De Beukelaer, a member of the Belgium Parliament and member of the Humanist Democratic Centre (cdH) party, announced that he will receive his salary in Bitcoin (BTC).

In fact, the politician commented that the paycheck of EUR 5,500 will be converted to the world’s largest crypto by market capitalization through Bit4You, a Belgian crypto exchange. “I am the first in Europe, but not in the world, who wants to put a spotlight on cryptocurrencies with such a move,” De Beukelaer claimed.

Putting Crypto Industry in the Belgian Spotlight

He put Eric Adams, the newly-elected New York Mayor, as an example of a politician outside Europe to receive his salary in Bitcoin. The US mayor has been receiving his bi-weekly paycheck in both BTC and Ether (ETH).

With such a maneuver, the Belgian MP wants to show the Europeans and Belgians his confidence towards the cryptocurrency industry and called to strengthen measures that favor the sphere and its development across the region.

He added that he wants political actors from Belgium to “stimulate an in-depth reflection on our monetary system” by endorsing cryptos.

Miami Mayor and His Bitcoin Advocacy

Last year, Francis Suarez, the current mayor of Miami and a well-known Bitcoin advocate, made the headlines across the crypto sphere after announcing that he’s set to receive his paychecks in the world’s largest cryptocurrency by market cap.

According to the US government public records, Miami Mayor’s annual salary is $97,000. In other posts, Mayor Suarez said that he prefers to rely on apps like Bitwage or Strike to convert his fiat into crypto rather than having the local government do it so.

At the same time, he keeps pushing to make Miami a “crypto hub” by attempting to issue crypto-friendly laws, which he had branded as the “most progressive crypto laws” in the country.

About the Author

Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and forex/crypto analyst, with experience gained at several forex broker firms and forex/crypto-related media outlets around the world.

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