Belgium MP to become first European politician to take salary in BTC

Christophe De Beukelaer said he was inspired by Eric Adams, New York’s mayor

Belgium flag flying on clear sky                                 
De Beukelaer is rumoured to be taking his whole salary for 2022 in bitcoin – Photo: Alamy
                                

Christophe De Beukelaer, a member of the Belgian parliament, has become the first politician in Europe to convert his salary to bitcoin (BTC).

The announcement was reported by the Belgium-based media non-profit organisation Bruzz

De Beukelaer, a member of the Humanist Democratic Center (CDH) party, has a monthly salary of €5,500 (£4,578); he is said to be planning to take his entire 2022 salary in BTC. It will be converted with Bit4You, a crypto assets exchange platform.

Following in NY mayor’s footsteps

This act will make De Beukelaer the first European MP to be paid in BTC. He said that he had been inspired by Eric Adams, New York’s mayor, who announced in November 2021 he would take his first three pay cheques in BTC.

The CDH MP thanked Adams for the inspiration and said that as New York is becoming a hub for crypto in the US, he wanted Brussels to become the leading city in Europe for crypto, blockchain and Web3.

More than one US mayor to be paid in BTC

The first US mayor to announce he would take a paycheck in BTC was Miami mayor Francis Suarez.

Suarez made his declaration on Twitter in response to the crypto investor Anthony “Pomp” Pompliano, who had asked which American politician would be the first to take their salary in BTC. Suarez replied that he would take his next paycheck that way.

Adams went further by offering to take three salary instalments in BTC.

Suarez previously said that he wants to “make Miami the next crypto capital of the world”. In June, the city of Miami held the largest crypto gathering to date, Bitcoin 2021, which had a sold-out crowd of 12,000 attendees.

This year, for Bitcoin 2022, President Nayib Bukele of El Salvador will be a guest speaker. El Salvador made history by becoming the first nation to accept BTC as legal tender on 7 September 2021.

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