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 Polish presidential candidate Sławomir Mentzen has promised to establish a strategic Bitcoin reserve as part of his financial policy if he wins the 2025 election.
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Mentzen reaffirmed his commitment to integrating cryptocurrency into Poland’s financial system on November 17 through a<a href="https://x.com/SlawomirMentzen/status/1858276016822603970" rel="noopener noreferrer nofollow"> statement</a> on X.
<blockquote class="twitter-tweet">
 Poland should create a Strategic Bitcoin Reserve.
 If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators.
 BTC to the Moon! <a href="https://t.co/izKc4spkkV" rel="noopener noreferrer nofollow">pic.twitter.com/izKc4spkkV</a>
 — Sławomir Mentzen (@SlawomirMentzen) <a href="https://twitter.com/SlawomirMentzen/status/1858276016822603970?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 17, 2024</a>
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<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
His remarks came after he responded to Lech Wilczynski, CEO of crypto exchange Swap.ly, who urged him to adopt the “<a href="https://www.satoshiaction.io/sbr" rel="noopener noreferrer nofollow">Strategic Bitcoin Reserve” policy</a> designed by the Satoshi Action Fund, a non-profit advocacy group.
Dennis Porter, the group’s president,<a href="https://x.com/Dennis_Porter_/status/1858147059049623608" rel="noopener noreferrer nofollow"> announced</a> on X that they had open-sourced the policy document for interested parties, especially legislators, to take advantage of it.
Wilczynski highlighted the urgency of prioritizing this initiative over other crypto regulations,<a href="https://x.com/DoctorLex/status/1858148965864059029" rel="noopener noreferrer nofollow"> stating</a>, 
<blockquote>
 “The draft bill on the strategic Bitcoin reserve is available for use.&nbsp; There is no point in waiting… this should go first before it is too late.” Mentzen responded, saying, “Of course.”
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Mentzen’s decision follows a growing global trend of leaders exploring Bitcoin as a national financial asset. At the Nashville Bitcoin 2024 conference, U.S. Senator Cynthia Lummis introduced the “BITCOIN Act of 2024, a proposal for the United States to invest in Bitcoin to address its $35 trillion national debt. Lummis suggested that a Bitcoin reserve could potentially reduce U.S. debt by half by 2045.
RELATED: <a style="color: #0000ff;" href="https://defi-planet.com/2024/08/the-proposed-us-bitcoin-reserve-bill-might-be-a-disaster-in-the-making/" rel="noopener noreferrer nofollow">The Proposed US Bitcoin Reserve Bill Might Be a Disaster in the Making</a>
Gabor Gurbacs, an advisor at asset management firm VanEck,&nbsp; <a style="color: #0000ff;" href="https://defi-planet.com/2024/05/vanecks-gabor-gurbacs-advocates-for-a-bitcoin-reserve-plan-for-the-u-s/" rel="noopener noreferrer nofollow">advocated</a> for Bitcoin as a strategic reserve asset, particularly for nations grappling with depreciating fiat currencies.&nbsp; Gurbacs noted that Bitcoin could diversify and strengthen central bank reserves without necessarily replacing fiat as legal tender.
Notably, U.S. President-elect Donald Trump also emphasized Bitcoin’s role during his campaign and outlined plans for the<a style="color: #0000ff;" href="https://defi-planet.com/2024/05/trump-vows-to-make-u-s-a-global-crypto-leader-at-2024-libertarian-national-convention/" rel="noopener noreferrer nofollow"> United States to become a leader in the cryptocurrency sector</a>. Some of these plans included integrating cryptocurrencies into government reserves and instituting crypto-friendly policies.
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The post <a href="https://defi-planet.com/2024/11/polish-presidential-candidate-pledges-to-create-a-national-bitcoin-reserve-if-elected/" rel="noopener noreferrer nofollow">Polish Presidential Candidate Pledges to Create a National Bitcoin Reserve if Elected</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Polish Presidential Candidate Pledges to Create a National Bitcoin Reserve if Elected

DeFi Planet

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