Cotar's Initiative for Bitcoin Legal Tender Status
Joana Cotar, a member of the German Bundestag, is initiating a "preliminary examination" to establish a legal framework recognizing Bitcoin as an official currency in Germany. She emphasizes the necessity for legal security for businesses and individuals, addressing concerns like money laundering, tax evasion, and other illegal activities associated with Bitcoin.
"Bitcoin in the Bundestag" Campaign for Awareness
Cotar launches the "Bitcoin in the Bundestag" campaign to raise awareness and educate her parliamentary colleagues about Bitcoin's benefits. Her focus includes promoting Bitcoin's aspects of freedom, such as privacy protection, security standards, and preventing excessive regulation.
Exclusive Focus on Bitcoin and Committee Formation
Cotar expresses exclusive interest in Bitcoin, excluding other cryptocurrencies. She plans to establish a formal Bundestag committee to explore technological differences between Bitcoin and other digital assets. Known for critiquing the European Central Bank's digital currency plans, Cotar adds her voice to the ongoing digital currency debate in Europe.
Global Significance Amid Cryptocurrency Debate
Cotar's push for Bitcoin as legal tender in Germany aligns with the broader global debate on cryptocurrencies' role in mainstream finance. Her exclusive focus on Bitcoin reflects the perspective of many proponents who view Bitcoin as the most promising digital asset.