German MP Joana Cotar Advocates for Bitcoin to Be Recognized as Legal Tender in Germany

cryptonews.com:

German Bundestag member Joana Cotar has expressed his support for recognizing Bitcoin (BTC) as a legal tender in the country. 

In a  recent interview , Cotar shared her ambitions to bring Bitcoin into the mainstream of German finance and discussed her plans to initiate a “preliminary examination” to establish a legal framework for this recognition.

Cotar emphasized the need for a balanced regulatory environment that ensures legal security for companies and citizens while addressing concerns related to money laundering, tax evasion, and other illicit activities associated with Bitcoin.

She aims to strike a balance that supports innovation and the freedom aspects of Bitcoin without stifling its potential.

To drive her cause within the German legislative body, Cotar has launched the “Bitcoin in the Bundestag” initiative. 

The initiative aims to educate her parliamentary peers about the numerous benefits of Bitcoin, enabling more informed legislative decisions. 

Cotar emphasized the importance of promoting the freedom aspects of Bitcoin, including privacy protection, robust security standards, and a regulatory approach that avoids unnecessary restrictions.

Unlike some of her counterparts who take a broader view of the crypto market, Cotar’s focus remains exclusively on Bitcoin. 

She even recommended establishing a formal Bundestag committee that recognizes the technological differences between Bitcoin and other crypto assets while primarily addressing the significance of Bitcoin for German society.

Cotar’s stance also includes her opposition to the digital Euro.

She believes that Bitcoin, with its decentralized nature and potential to enhance financial freedom and privacy, is a more suitable digital asset for the