Yesterday, in Germany the concept of crypto was the most discussed topic of the day, after the giant Bitcoin logo was projected on the wall of the German parliament Bundestag.
This is not a subversive move by some nonconformist, but an initiative led by deputy Joana Cotar to raise awareness among other parliamentarians about the Bitcoin issue, illustrating the characteristics and advantages offered by the cryptographic currency.
The Cotar aims to make Germany a hub for crypto, 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: Giant logo of the Bitcoin crypto arrives in the federal parliament
Yesterday at the highest levels of Germany, crypto was discussed: late in the afternoon, the Bitcoin logo appeared in the form of a giant projection inside the structure of the German parliament, leaving astonished all those who were not aware of what was happening.
It was neither an attack on the euro nor a libertarian anti-establishment move aimed at creating chaos among institutions in Germany, but rather a formal opportunity to dialogue with German parliamentarians regarding the expansion of new technologies, more precisely the peculiarities of the Bitcoin currency.
The deputy and member of the German federal parliament Joana Cotar, a long-time supporter of the orange currency, organized the awareness event “Bitcoin im Bundestag” aimed at illustrating to her colleagues the advantages that the cryptocurrency could offer to the country.
These were his words during a recent interview:
“We must promote the aspects of freedom of Bitcoin. This includes protecting privacy, ensuring security standards, and preventing excessive regulation to maximize the benefits of Bitcoin”
The initiative was mainly reserved for German parliamentarians, but ordinary citizens were also allowed to take a seat and attend the explanations.
Attending the event were prominent figures in the crypto sector, such as Roman Reher who gave an overview in which the political component of Bitcoin was explored as an asset capable of catalyzing a sustainable social change.
After him, Kristian Klager, managing partner of Klager Group and founder of Terahash Energy GmbH, delved into the topic of ESG criteria in relation to Bitcoin, emphasizing that the currency can contribute to the energy transition of the country, also offering an economic advantage.
In Cotar’s plans, there is not only the will to spread the Bitcoin creed to all his colleagues in Parliament but also the intention to make the crypto more and more accessible within the country, allowing citizens to pay taxes in BTC, do mining through the use of renewable energy sources and much more.
Crypto and CBCDC: a German deputy wants to make Bitcoin a legal tender in Germany
For deputy Joana Cotar, it was not enough to display the giant logo of the crypto Bitcoin inside the Bundestag Parliament: while the immediate plans are to provide information and dissemination on a topic still so “cryptic” within society, the ultimate goal of the federal is to make the cryptographic currency a legal tender in Germany.
In late 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 deputies are interested in following the same path as countries like El Salvador, which officially recognized the Bitcoin standard in September 2021.
For the moment, it is likely that this will remain just one of the many ideas that will not be seriously considered in the immediate future: however, it is still a great step forward for a sector that is slowly gaining more and more trust and attention from the people (less from institutions)
While in the United States Bitcoin has taken on a significant role within the financial markets after the SEC approved the first exchange traded funds, in Europe the crypto is struggling more to emerge.
Just yesterday, while in fact while in 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 being thrown at the cryptocurrency, harshly criticizing its essence.
Deputy Cotar, in addition to promoting a legislative framework based on Bitcoin, has also recently expressed her strong criticism towards the plans of the ECB regarding the expansion of the so-called CBDC.
Recently the parliamentarian proudly wore a Bitcoin t-shirt while speaking out against digital euro, stating that:
“No one needs the digital euro. Except for an ECB and politicians who have something else in mind.”
The commitment of Cotar underlines the dedication of the deputy in wanting to spread Bitcoin culture throughout Germany, convinced that crypto could play a leading role within the current financial system.
We remind you that it is focused only on Bitcoin and does not endorse any other cryptocurrencies.