Prime Minister of Luxembourg: "We intend to become the center of blockchain development" – Bits Media

Prime Minister of Luxembourg Xavier Bettel (Xavier Bettel) stated, that the country intends to create conditions for the implementation of blockchain and cryptocurrencies, as he considers these industries to be promising.

Speaking at the Luxembourg Blockchain Week conference, Bettel said, government Luxembourg will continue to “catch the road” for the development of innovative technologies in the country. Despite, that Luxembourg is one of the smallest countries, The Prime Minister announced his intention to turn her into a digital leader. Bettel emphasized, that the country has already achieved large heights in the development of digital technologies, However, to maintain leadership, it is important not to stand still, And continue development.

Luxembourg is considered friendly jurisdiction in relation to blockchain and cryptocurrencies. Earlier, local authorities said, that digital currencies are considered intangible assets, Therefore, they should not be taxed until then, until they are exchanged for ordinary money. Besides, More in 2016 year Bitstamp cryptocurrency exchange was the first platform in Luxembourg, received the status of a regulated payment organization. IN 2019 the year of the Luxembourg government approved the bill, regulating the use of blockchain in the field of finance.

Due to the excitement around the blockchain and cryptocurrencies, Bettel joked, that could create your own collection of irremovable tokens (NFT), ties symbolizing it, to "make a lot of money in a short time". Bettel holds the position of Prime Minister of Luxembourg with 2013 of the year. He explained, that is not a technical specialist or developer. However, the politician is fully convinced of, that blockchain can greatly simplify as business processes in many areas of activity, so the life of ordinary people.