Example URL From our sponsor
Luxembourg Sovereign Wealth Fund Chose Only Bitcoin: Minister - news.adtechsolutions Luxembourg Sovereign Wealth Fund Chose Only Bitcoin: Minister - news.adtechsolutions

Luxembourg Sovereign Wealth Fund Chose Only Bitcoin: Minister


Author

Sujha Sundararajan

Author

Sujha Sundararajan

About the author

Sujha was recognized as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto-journalism.

Last updated:

Luxembourg has chosen only Bitcoin for its Luxembourg Intergenerational Sovereign Fund (FSIL) and has no intention of diversifying.

The nation has already allocated 1% of its assets, which is about 7 million euros, to Bitcoin. Speaking to the Bitcoin Amsterdam 2025Luxembourg Finance Minister Gilles Roth said the nation wants to be among the first to adopt BTC through its Sovereign Wealth Fund.

“Bitcoin will help shape the future of finance: safe, open and competitive,” the minister wrote on X.

Minister Roth explicitly noted that, although the fund’s investment policy allows for an allocation in any crypto asset, “it chose to invest only in Bitcoin.”

“Because, as Michel Saylor once said, there is no second best … and we’re in it for the long haul,” he noted, followed by instant applause from the entire room.

“Let Me Be Clear: Luxembourg HODLs” – Minister of Finance

The minister closed his speech with a clear political position, emphasizing that the nation plans to keep crypto.

“Let me be clear: HODL of Luxembourg. We are still very early. I am sure we will follow our lead soon.”

Luxembourg, being one of the largest cross-border investment centers in the world, manages more than 7.6 trillion euros in funds. “In recent years, a wide range of cross-border fintech companies have set up shop in Luxembourg,” he continued.

These companies serve as payment gateways, tokenization platforms and regulatory platforms for customers around the globe, Roth added.

In June, the crypto exchange Coinbase has gained a European Union Markets license in Crypto Assets (MiCA) from Luxembourg to offer crypto services throughout the European Union. However, the expected transactions of the exchange in Luxembourg would be relatively smaller, as previously reported.

To report “High Risk” Crypto companies to Accolta l’Assi Digitali

Surprisingly, Luxembourg marked the crypto companies as “high risk” entities. for money laundering in its risk report 2025. The study highlighted how Virtual Asset Service Providers (VASP) often operate in decentralized environments, complicating surveillance.

“Over the past decade, we have built a tone of trust for Bitcoin and digital assets,” said Gilles Roth. In fact, the nation regulated the first European crypto exchange, Bitstamp, almost a decade ago.

Luxembourg supports the industry “to make crypto a trusted asset class. We are convinced that the future of finance is digital,” he added, referring to Bitcoin as “digital gold.”






Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Example URL From our sponsor