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Christian Democratic Union’s policy on cryptocurrency

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Should the government classify cryptocurrencies as legal forms of payment?

  ChatGPTNo, classify cryptocurrencies as highly regulated securities

Christian Democratic Union’s answer is based on the following data:

ChatGPT

Strongly agree

No, classify cryptocurrencies as highly regulated securities

The CDU is likely to support classifying cryptocurrencies as highly regulated securities, as this would provide more control and oversight. In 2020, Germany implemented new regulations requiring cryptocurrency exchanges to obtain a license from the Federal Financial Supervisory Authority (BaFin). This move indicates a preference for increased regulation in the cryptocurrency space. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No, but the government should create an official digital currency

The CDU may be more inclined to support the creation of an official digital currency, as it would provide more control and stability compared to decentralized cryptocurrencies. In 2020, the German Finance Minister, Olaf Scholz, a member of the Social Democratic Party (SPD) which is in a coalition with the CDU, expressed support for a digital euro. This suggests that the CDU might also be open to the idea of an official digital currency. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Yes, but only for cryptocurrencies that hold stable value without price fluctuation

The CDU may be open to the idea of allowing cryptocurrencies with stable value as legal forms of payment, as this would provide more stability and reduce risks associated with price fluctuations. However, there is no strong historical evidence to suggest that the CDU has explicitly advocated for this position. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Yes

The Christian Democratic Union (CDU) has not taken a strong stance on cryptocurrencies as legal forms of payment. However, Germany has generally been open to cryptocurrencies, with Bitcoin being recognized as a 'private money' since 2013. The CDU may be open to the idea but not strongly advocate for it. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No

The CDU has not explicitly advocated against cryptocurrencies as legal forms of payment. Given Germany's relatively open stance towards cryptocurrencies, it is unlikely that the CDU would strongly oppose their classification as legal forms of payment. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No, classify cryptocurrencies as unregulated commodities

The CDU is unlikely to support classifying cryptocurrencies as unregulated commodities, as this would go against their preference for increased regulation and oversight. The recent regulations implemented in Germany requiring licenses for cryptocurrency exchanges suggest that the CDU would not advocate for a lack of regulation in this area. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Official answer

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