Joana Cotar, a member of Germany’s federal parliament, recently reiterated her support for Bitcoin. Cotar is an outspoken proponent of cryptocurrencies, BTC in particular, and is championing efforts to make the asset a legal tender in Germany. This has come amidst the European Union’s plan to launch a digital Euro, which Cotar has voiced strong opposition against.
Cotar’s Plan to Educate German Lawmakers on Bitcoin
German lawmaker Joana Cotar wants her country to embrace Bitcoin in a big way. Cotar’s proposal would make BTC legal tender in Germany, leading the country into a new realm of decentralized finance.
The lawmaker made this known in an interview with Cointelegraph, where she discussed her ambition to bring BTC into Germany’s mainstream finance. Cotar told Cointelegraph that she wants to lead a “preliminary examination” to create a legal framework to officially recognize Bitcoin as legal tender as the lawmaker believes BTC can provide real advantages for citizens, from privacy to more financial freedom.
“We need to promote the freedom aspects of Bitcoin (permissionless access, individual sovereignty). This includes protecting privacy, ensuring security standards and preventing excessive regulation to maximize the benefits of Bitcoin,” the lawmaker said.
However, Cotar faces an uphill battle to make this…
