German Bundestag representative, Joana Cotar, advocates for Bitcoin to become legal tender in Germany, aiming to create a regulatory framework for its integration. Explore the implications of this move and its contrast with the digital euro.
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German Bundestag member Joana Cotar has endorsed Bitcoin as legal tender, emphasizing the need for a balanced regulatory approach. She plans to initiate a legal framework for Bitcoin’s recognition and has launched the “Bitcoin in the Bundestag” initiative to educate colleagues. Cotar focuses exclusively on Bitcoin, addressing concerns like money laundering while championing its innovative aspects. Her stance opposes the digital euro, highlighting Bitcoin’s decentralization for enhanced financial freedom and privacy. As the ECB pursues a digital euro, Cotar’s push positions Germany as a potential pioneer in governmental Bitcoin adoption.