German MP Proposes Making Bitcoin Legal Tender to Provide Legal Certainty, Boost Innovation
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Joana Cotar, a German MP, proposes recognizing Bitcoin as legal tender in Germany to provide legal security for companies and citizens.
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Cotar launched the "Bitcoin in the Bundestag" initiative to educate parliament members about Bitcoin's benefits.
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Cotar focuses solely on Bitcoin, not other cryptocurrencies, and opposes a digital Euro due to privacy concerns.
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The proposal includes accepting Bitcoin for taxes/fees and using mining to stabilize the power grid.
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If successful, this could position Germany as a pioneer in adopting decentralized digital currency at a governmental level.