BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

German Lawmaker Cotar Pushes for Bitcoin as Legal Tender

by BlockNews.com Team
November 17, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 3 mins read
A A
#image_title

#image_title

1
SHARES
17
VIEWS
Share on XShare in TelegramShare on Reddit
  • Joana Cotar, a German MP, advocates recognizing Bitcoin as legal tender in Germany to integrate it into the country’s financial system.
  • Cotar focuses on Bitcoin’s benefits like freedom and privacy rather than other cryptos, opposing a digital Euro.
  • Adoption in a major economy like Germany could influence other nations and boost Bitcoin’s value by enhancing its legitimacy.

Joana Cotar, a member of the German Bundestag, has expressed support for recognizing Bitcoin as legal tender in Germany. Her advocacy could pave the way for Bitcoin’s formal adoption in the major European economy.

Cotar Aims to Bring Bitcoin into the Mainstream

In a recent interview, Cotar shared her ambition to integrate Bitcoin into the country’s financial system. She discussed plans to initiate a preliminary examination to establish a legal framework for Bitcoin’s recognition as legal tender.

Cotar emphasized balancing regulation to ensure legal certainty while addressing concerns like money laundering associated with Bitcoin. She wants to support innovation and Bitcoin’s freedom without stifling its potential.

To drive Bitcoin adoption in the Bundestag, Cotar launched the “Bitcoin in the Bundestag” initiative. It aims to educate parliament members about Bitcoin’s benefits to enable informed legislative decisions.

Cotar Focuses on Bitcoin’s Freedom and Privacy

Unlike others, Cotar’s focus remains solely on Bitcoin. She even suggested a formal committee recognizing Bitcoin’s differences from other crypto assets.

Cotar’s stance opposes a digital Euro. She believes decentralized Bitcoin better enhances financial freedom and privacy. Cotar also raised surveillance concerns about a digital Euro.

🚨 NEWS: German Bundestag Member Joana Cotar advocates for #Bitcoin as legal tender in Germany.

Money laundering and tax evasion concerns in the traditional system are primary reasons. pic.twitter.com/Z52ay7UUHV

— BlockNews.com (@blocknewsdotcom) November 17, 2023

Integration into Germany’s Financial System

Cotar envisions Bitcoin becoming integral to Germany’s framework. Her proposal includes accepting Bitcoin for taxes and leveraging mining to stabilize the power grid.

Formal adoption in Germany could influence other nations to reconsider their Bitcoin stances. It could also impact Bitcoin’s value by enhancing its legitimacy and appeal.

El Salvador’s Adoption Sets Precedent

In 2021, El Salvador became the first country to adopt Bitcoin as legal tender. A law proposed by President Bukele made Bitcoin an official currency alongside the US dollar.

Tags: BitcoinBlockchaincrypto
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

TRON Rally Stalls—But On-Chain Data Hints More Room to Run
CRYPTO

TRON Rally Stalls—But On-Chain Data Hints More Room to Run

August 16, 2025
Cardano’s TVL Debate Heats Up After Hoskinson’s Bold Take
CARDANO

Cardano’s TVL Debate Heats Up After Hoskinson’s Bold Take

August 16, 2025
Cardano Price Gains Strength Amid ETF Speculation and Governance Push
CARDANO

Cardano Price Gains Strength Amid ETF Speculation and Governance Push

August 16, 2025
Dogecoin Whales Signal Confidence as Price Tests Key Levels
CRYPTO

Dogecoin Whales Signal Confidence as Price Tests Key Levels

August 16, 2025
Solana Smashes TVL Record Despite Slower Trading
CRYPTO

Solana Smashes TVL Record Despite Slower Trading

August 16, 2025
Solana Staking ETF Hits Record-Breaking Day
CRYPTO

Solana Staking ETF Hits Record-Breaking Day

August 16, 2025
Load More

Related News

TRON Rally Stalls—But On-Chain Data Hints More Room to Run

TRON Rally Stalls—But On-Chain Data Hints More Room to Run

August 16, 2025
Cardano’s TVL Debate Heats Up After Hoskinson’s Bold Take

Cardano’s TVL Debate Heats Up After Hoskinson’s Bold Take

August 16, 2025
Cardano Price Gains Strength Amid ETF Speculation and Governance Push

Cardano Price Gains Strength Amid ETF Speculation and Governance Push

August 16, 2025
Dogecoin Whales Signal Confidence as Price Tests Key Levels

Dogecoin Whales Signal Confidence as Price Tests Key Levels

August 16, 2025
Solana Smashes TVL Record Despite Slower Trading

Solana Smashes TVL Record Despite Slower Trading

August 16, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs opinion PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.