Joana Cotar, a member of Germany’s Bundestag federal parliament, is advocating for making Bitcoin a legal tender in the country. Her “Bitcoin in the Bundestag” initiative aims to thoroughly assess pathways for Bitcoin’s formal economic integration.
Cotar seeks to educate fellow legislators about Bitcoin’s advantages to enable progressive policies. She recognizes the need to balance innovation with appropriate safeguards against risks like money laundering.
Germany has increasingly embraced crypto, with Commerzbank recently securing the country’s first crypto custody license for a major bank.
But Bitcoin as legal tender would be groundbreaking. Cotar stresses ensuring both regulatory security and financial freedom.
The effort highlights growing political recognition of crypto’s potential. With thoughtful policy, Germany could pioneer Bitcoin’s mainstream adoption while addressing risks.
Cotar exemplifies a new generation of tech-savvy lawmakers ready to shape a blockchain-enabled financial future.
