European Commission President Acknowledges Crypto-Friendly Micronation

Key leaders in the European Union and parliament members have recognized the sovereign state of Liberland. On January 31, the micronation claiming the parcel of land between Serbia and Croatia was validated by the European Commission (EC) President Jean-Claude Juncker.

Key members of the EC have been talking about the micronation called the Free Republic of Liberland. It is a seven square kilometer territory claimed by a group of libertarian ideologies believers in 2015. Liberland President Vít Jedlička and its citizens declare that no country claims the land as its own. The group has been striving for recognition by the rest of the world’s leaders by following the terra nullius protocol. Liberland previously presented its case to EU Parliament members to be acknowledged as a sovereign nation state. The region has so far garnered more than 550,000 applicants who want to be Liberland citizens.

The micronation was acknowledged in a January 31 parliamentary question about the parcel of land between Serbia and Croatia. According to Juncker, Liberland “requires further clarification.” The EC President’s comments were in response to a query from European Parliament member Bill Etheridge. The member asked if the micronation is part of the European Union. Etheridge is popular for his staunch libertarian beliefs. For Liberland citizens, the statement of Juncker seemingly accredited the negotiation between Serbia and Croatia.

“This is an extremely important development and represent real progress for us,” Jedlička explained after Juncker’s remarks, adding: “We are a step closer to knowing that it may not be EU territory and that it can become an independent sovereign state.”

Liberland is involved with spreading decentralized and disruptive technologies such as cryptocurrencies. Its official website notes that in a world filled with over-regulation and over-taxation, its citizens believe in bolstering forward-looking technologies like digital currencies and Decentralized Autonomous Organization (DAO) incorporated systems.

For years, the region has been accepting cryptocurrencies for financing, and the mini-state uses coins like Bitcoin Core (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). Per Bitcoin entrepreneur Roger Ver, Liberland “has been funded with bitcoin cash more than any other cryptocurrency.” 

“They also accepted it from day one—Vít is a great guy,” Lead Bitcoin ABC developer Amaury Séchet stated. The region is in the midst of setting up theLiber TV.” The platform was developed by Liberland co-founder Jiří Kreibich. It is an open source application running in its early stages.