Crypto News

German MP Advocates for Bitcoin as Legal Tender

Author : Renuka K

Joana Cotar, a member of the German Bundestag, has recently voiced her support for adopting Bitcoin as legal tender in Germany. Cotar's advocacy aims to integrate Bitcoin into mainstream German finance. She is leading a preliminary examination to establish a legal framework for recognizing Bitcoin in this capacity, focusing not only on embracing digital currency but also on creating a balanced regulatory environment that ensures legal security for companies and citizens.

Cotar has launched the "Bitcoin in the Bundestag" program to educate parliamentary colleagues about Bitcoin's benefits. Her approach is Bitcoin-centric, emphasizing the cryptocurrency's unique technological attributes and its importance to society. She addresses challenges like money laundering and tax evasion often associated with Bitcoin usage.

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