German Lawmaker Leads a Plan to Promote Bitcoin as Legal Tender.

German Lawmaker Leads a Plan to Promote Bitcoin as Legal Tender.

FinanceBitcoin

By Miles

17 Nov 2023

1 min read

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German lawmaker Joana Cotar aims to legalize Bitcoin in Germany, focusing on its benefits and setting it apart from other cryptocurrencies.

Joana Cotar, a German politician, is leading an attempt to make Bitcoin a legal currency in Germany. According to Cointelegraph, Cotar intends to launch a legal assessment in order to create a framework that will formally recognize Bitcoin, focusing on legal security while tackling dangers such as money laundering and tax fraud.

Cotar recently launched the "Bitcoin in the Bundestag" campaign to educate other politicians about the benefits of Bitcoin, pointing out its privacy and security aspects. She is only interested in Bitcoin, differentiating it from other digital currencies, and plans to organize a Bundestag committee to investigate these differences.

Cotar's decision to validate Bitcoin in Germany is noteworthy in this current period of global debates about the role of cryptocurrencies in finance. Her interest in Bitcoin shows her confidence in Bitcoin as the most promising digital asset.

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