German federal lawmakers plan to develop a legal framework to recognize Bitcoin as the country’s legal tender

Odaily News According to Forbes, German Federal Councilor Joana Cotar recently announced her support for recognizing Bitcoin as legal tender in Germany. Cotar revealed her intention to lead a “preliminary review” to develop a legal framework that would formally recognize Bitcoin’s legal tender status. To advance her initiatives within the German legislative body, Cotar launched the “Bitcoin in the Bundestag” initiative, with the goal of making members of parliament more aware of Bitcoin’s many benefits so that legislative decision-making can be more informed.