Yesterday in Germany, the concept of crypto was the most discussed topic of the day, after the projection of the giant Bitcoin logo on the wall of the German parliament, the Bundestag.
This is not a subversive approach on the part of a non-conformist, but an initiative led by MP Joana Cotar to raise awareness among other parliamentarians of the issue of Bitcoin, by illustrating the characteristics and advantages offered by cryptographic currency.
Cotar aims to make Germany a crypto hub, seeking to make Bitcoin more accessible in the country and elect it as legal tender in the country.
Let's see all the details below
Germany: the giant Bitcoin crypto logo arrives at the federal parliament
Yesterday, at the highest levels in Germany, crypto was discussed: late this afternoon, the Bitcoin logo appeared as a giant projection inside the German parliament structureleaving stunned all those who were unaware of what was happening.
This was neither an attack on the euro nor an anti-establishment libertarian move aimed at sowing chaos among the institutions in Germany, but rather a formal opportunity to dialogue with German parliamentarians on the expansion of new technologiesmore precisely the particularities of the Bitcoin currency.
MP and member of the German Federal Parliament Joana Cotar, a long-time supporter of the orange currency, organized the “Bitcoin im Bundestag” awareness event aiming to illustrate to his colleagues the advantages that cryptocurrency could offer the country.
Here are his words in a recent interview:
“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. »
The initiative was mainly reserved for German parliamentarians, but ordinary citizens were also allowed to take their seats and watch the explanations.
Crypto industry figures, such as Romain Reher which provided an overview in which the political component of Bitcoin was explored as an asset capable of catalyzing a lasting social change.
After him, Christian Klagermanaging partner of the Klager Group and founder of Terahash Energy GmbH, addressed the subject of ESG criteria related to Bitcoin, emphasizing that the currency can contribute to energetic transition of the country, also providing an economic advantage.
In Cotar's projects, there is not only the desire to spread the Bitcoin credo to all his colleagues in Parliament, but also the intention to make crypto increasingly accessible within the country, allow citizens to pay taxes in BTC, do mining through the use of renewable energy sources and much more.
Crypto and CBCDC: German MP wants to make Bitcoin legal tender in Germany
For MP Joana Cotar, it was not enough to display the giant Bitcoin crypto logo in the Bundestag Parliament: while the immediate plans are to ensure information and dissemination on a subject that is still so “enigmatic” within society, The ultimate goal of the federal government is to make crypto currency legal tender in Germany.
At the end of 2023, this bill was presented proposing this idea, aiming to recognize Bitcoin with legal properties for the first time in Europe.
It is still unclear whether the proposal will be accepted and if other Members wish to follow the same path as countries like El Salvadorwhich officially recognized the Bitcoin standard in September 2021.
For now, this is likely to remain just one of many ideas that won't be seriously considered in the immediate future: nonetheless, it's a big step forward for an industry that's slowly gaining more and more of trust and care. of the people (minus institutions)
In the United States, Bitcoin played an important role in financial markets after the SECOND approved the first exchange-traded funds, in Europe crypto has more difficulty emerging.
Just yesterday, when in fact, when I was at Berlin they were discussing the positive implications of Bitcoin and its giant logo appeared on the wall, in Frankfurt, at the ECB headquarters, mud was thrown at the cryptocurrency, harshly criticizing its essence.
MP Cotar, in addition to promoting a legislative framework based on Bitcoin, also recently expressed it strong criticism of ECB projects regarding the expansion of what is called CBDC.
Recently, the parliamentarian proudly wore a Bitcoin t-shirt while speaking out against the digital euro, stating that:
“No one needs the digital euro. Except for an ECB and politicians who have something else in mind.”
Cotar's commitment highlights the MP's dedication to spreading Bitcoin culture throughout Germany.convinced that crypto could play a leading role within the current financial system.
We remind you that it focuses only on Bitcoin and does not endorse any other cryptocurrency.