Member of the German Bundestag (federal parliament), Joana Cotarhas expressed its support for the idea of making Bitcoin legal tender in Germany, in an exclusive statement. interview with Cointelegraph. Cotar told the publication that it wanted to launch a “preliminary review” of the legal framework to officially recognize Bitcoin as legal tender in the country.
“This involves ensuring legal certainty for businesses and citizens… We must combat potential risks such as money laundering, tax evasion and other illegal activities associated with Bitcoin. But without stifling the innovation and freedom aspects of Bitcoin,” she said.
To advance this subject and raise awareness in the German parliament, Cotar launched “Bitcoin in the Bundestag” initiative, to help educate colleagues about the benefits of Bitcoin, so they can make informed decisions about it. “We need to promote the freedom aspects of Bitcoin. This includes protecting privacy, adhering to security standards and avoiding excessive regulation to maximize the benefits of Bitcoin,” she said.
The MP said she was entirely focused on Bitcoin and was not interested in other cryptocurrencies on the market:
“The creation of a formal Bundestag committee that recognizes the technological differences between Bitcoin and other crypto assets and primarily addresses the importance of Bitcoin for our society is very important to us,” she continued. “My initiative is all about Bitcoin.”
Cotar also sharply criticized the European Central Bank’s digital currency plans. Last week, she proudly wore a Bitcoin shirt while speaking out against the digital euro, declaring that “No one needs the digital euro. Except an EZB and politicians who have other things in mind.”
As the digital currency debate intensifies in Europe, the role Bitcoin will play in Germany remains unclear. Cotar’s endorsement, however, adds fuel to the ongoing debate, drawing more attention to the role Bitcoin is beginning to play in traditional financial systems and how governments will respond to it.