The post Bitcoin to be Recognized as Legal Tender in Germany: Joana Cotar appeared first on Coinpedia Fintech News
Joana Cotar has called for Bitcoin to be recognized as legal tender in Germany, in a move that could pave the way for other countries to follow suit. Cotar, a member of the Alternative for Germany (AfD) party, has launched an initiative called “Bitcoin in the Bundestag” to promote the benefits of Bitcoin and address potential risks such as money laundering and tax evasion. She has also expressed concerns about the potential for excessive restrictions and overreach by central banks and sees Bitcoin as a more suitable digital asset for Germany due to its decentralized nature and potential to enhance financial freedom and privacy. Cotar’s proposal includes accepting Bitcoin for taxes and fees and leveraging Bitcoin mining to stabilize the power grid.