The German parliament will review a motion calling on the government to recognize the uniqueness of Bitcoin and take strategic measures.

[Chain News] On October 30, news emerged that the German parliament plans to deliberate on a motion “urging the government to recognize Bitcoin as a unique decentralized digital asset and to take strategic measures to address it.” Germany's main opposition party, the Alternative for Germany (AfD), submitted a formal motion to the Bundestag, opposing excessive regulation of Bitcoin. The motion was submitted on Thursday, stating that Bitcoin is fundamentally different from other encryption assets and should not be included in the EU's Markets in Crypto-Assets Regulation (MiCA). The motion argues that excessive regulation of Bitcoin stakeholders when implementing MiCA in various countries will jeopardize Germany's innovation capacity, financial freedom, and digital sovereignty. The party also calls for attention to the trend of Bitcoin as a national strategic reserve asset and criticizes the German government for not recognizing Bitcoin from a strategic perspective. Furthermore, it advocates for maintaining the current 12-month tax-free holding period, retaining VAT exemption policies, and safeguarding individual self-custody rights. This motion makes Germany another country within the EU calling for the exploration of national Bitcoin reserves and the relaxation of MiCA regulations.