German MP Joana Cotar plans to launch a legal framework to recognize Bitcoin as legal tender in the country

Odaily News Joana Cotar, a member of the German Bundestag, recently announced that she supports the recognition of Bitcoin as legal tender in the country. In an interview, Cotar talked about his vision of bringing Bitcoin into the financial mainstream in Germany. Cotar revealed that she intends to lead a “preliminary review” to develop a legal framework that would formally recognize Bitcoin as legal tender. She stressed the importance of establishing a balanced regulatory environment, explaining: “This includes ensuring the legal security of companies and citizens.” The approach she proposed focuses on addressing potential risks such as money laundering, tax evasion and others related to the use of Bitcoin. illegal activities. However, Cotar said “this will not kill Bitcoin in terms of innovation and freedom.” (Forbes)