Luxembourg PM Xavier Bettel Plans To Keep Looking Forward For Blockchain
Luxembourg PM Xavier Bettel Plans To “Keep Looking Forward” For Blockchain
May 1, 2021
Luxembourg PM Xavier Bettel Plans To Keep Looking Forward For Blockchain
Luxembourg PM Xavier Bettel Plans To “Keep Looking Forward” For Blockchain
May 1, 2021

Xavier Bettel, the Prime Minister of Luxembourg, has planned to “keep looking forward” and “keep taking risks” for blockchain.

It has been reported that Bettel described blockchain as mainly about “cryptocurrencies and hype” by jokingly saying that he could create a nonfungible token (NFT) of his scarves and “make a lot of money in a very short time.”

He said:

“My government’s goal is to make out of Luxembourg the digital frontrunner it already is. It is in the frontrunner’s nature to keep progressing, rather than preserving the lead of the moment.”

However, serving as prime minister since 2013, Bettel clarified that he was “not a technical person” or a developer. He was “100% convinced of technology that can facilitate our lives and help us focus on our human relationships.”

Many consider Luxembourg to be one of the most proactive countries around blockchain and crypto.

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Likewise, the local government previously labeled cryptocurrencies as “intangible assets” that are not subject to income tax until they are exchanged for fiat. In addition, the country is home to the payment institution behind cryptocurrency exchange Bitstamp.

Thus, Luxembourg Blockchain Week is a one-week conference organized by the Luxembourg Blockchain Lab, being held from April 26 to April 30.

Source: Cointelegraph | Image: Pink News | Thessl Store


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.