Bitcoin

Read

<a href="https://bitcoinworld.co.in/german-lawmaker-pushes-for-bitcoin-to-become-legal-tender/" title="German Lawmaker Pushes For Bitcoin To Become Legal Tender" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">German lawmaker, Joana Cotar, has recently pushed for bitcoin to become legal tender in the country.</li>
</ul>
In a move that could significantly influence the cryptocurrency landscape positively, German lawmaker, Joana Cotar, is spearheading an initiative to establish Bitcoin as a legal tender in the country.
According to the <a href="https://bitcoinmagazine.com/markets/german-parliament-member-wants-to-make-bitcoin-legal-tender" rel="noopener noreferrer nofollow">report</a>, Joana Cotar, who is a member of the German Bundestag, has expressed her intention to initiate a “preliminary examination” to construct a legal framework that would recognize Bitcoin as an official currency in Germany.&nbsp;
She emphasized the need for legal security for businesses and individuals alike, while also addressing potential risks such as money laundering, tax evasion, and other illegal activities associated with Bitcoin.
As part of her campaign to raise awareness and educate her colleagues in the parliament about the benefits of Bitcoin, Cotar has initiated the “Bitcoin in the Bundestag” campaign.&nbsp;
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/south-koreas-pension-fund-made-40-profit-from-coinbase-coin-shares/" aria-label="“South Korea’s Pension Fund Made 40% Profit From Coinbase (COIN) Shares” (Edit)" rel="noopener noreferrer nofollow">South Korea’s Pension Fund Made 40% Profit From Coinbase (COIN) Shares</a>
Her main focus points include the promotion of Bitcoin’s freedom aspects, such as privacy protection, security standards, and preventing over-regulation.
Cotar has expressed her interest exclusively in Bitcoin, disregarding other cryptocurrencies. She disclosed her plans to set up a formal Bundestag committee to explore the technological differences between Bitcoin and other digital assets.&nbsp;
Cotar, known for her critique of the European Central Bank’s digital currency plans, has added her voice to the ongoing debate about digital currencies in Europe.
Cotar’s push for Bitcoin to be recognized as legal tender in Germany comes amid a global debate on the role of cryptocurrencies in mainstream finance.&nbsp;
Her exclusive interest in Bitcoin over other cryptocurrencies aligns with the view of many proponents who see Bitcoin as the most promising digital asset.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
The post <a href="https://bitcoinworld.co.in/german-lawmaker-pushes-for-bitcoin-to-become-legal-tender/" rel="noopener noreferrer nofollow">German Lawmaker Pushes For Bitcoin To Become Legal Tender</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

German Lawmaker Pushes For Bitcoin To Become Legal Tender

ItsBitcoinWorld

Other articles published on Nov 17, 2023

Spot Bitcoin ETF Delay: What Does It Mean for the Cryptocurrency Market?

Can Dogecoin Reach $18? Analyst Identifies Signal That Led To 23000% Surge

WuBlockchain Weekly: Tether Invests $500 Million in Mining, Bithumb is Exploring an IPO, Rapid De...

Analysts forecast Rebel Satoshi, Flow, and THORChain to extend gains in November

Crypto Market Weekly Recap: Bullish Trends and Regulatory Watch

How to Buy Numeraire Coin?

Join our free newsletter for daily crypto updates!