German Parliament member Not So Keen on Digital Euro but All-In on Bitcoin!

German Parliament Member Firmly Against Digital Euro, Fully Committed to Bitcoin

The European Union (EU) is gearing up for a financial revolution, my fellow digital asset enthusiasts! They’ve been hustling hard to shape the future of money, and they’ve got some exciting plans up their sleeves.

First off, they’ve cooked up a delicious dish called the Markets in Crypto-Assets regulation (MiCA). It’s like the EU’s secret recipe for comprehensive crypto legislation. This bad boy is set to take effect in 2024, and they just finished their second consultation in October. Talk about attention to detail, right?

But wait, there’s more! The EU is cooking up another tasty treat called the digital euro. It’s like the EU’s version of a central bank digital currency (CBDC), and it’s coming in hot! The Bank of the Netherlands describes it as “electronic form of public money – the coins and notes in our wallets.” So, think of it as a fancy virtual wallet for your digital moolah.

Now, many local regulators are jumping on the digital euro bandwagon, singing its praises and touting its potential benefits. But hey, not everyone’s thrilled about it. A recent survey in Spain revealed that a whopping 65% of Spaniards aren’t interested in using the digital euro. Ouch!

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And guess what? Slovakia’s parliament is so not into the digital currency craze that they even amended their constitution to make sure citizens can still use good ol’ cash for paying for stuff. Talk about a cash-loving rebel move!

But wait, there’s one politician in Germany who’s taking a different route. Instead of hopping on the digital euro train, she’s waving the Bitcoin flag high and proud. Meet Joana Cotar, a member of the German parliament and a Bitcoin enthusiast. She’s not just casually into Bitcoin, oh no, she’s a full-blown Bitcoin activist. She’s all about spreading awareness and educating lawmakers about the magic and risks of Bitcoin.

Cotar’s got a bone to pick with the digital euro. She sees it as a way for the central banks to have control over your payments and ownership. She doesn’t want us to be helpless at their mercy. And she’s got a point! Who wants to be at the whims of big brother, am I right?

Now, Cotar’s not just all talk. She’s got big plans for Bitcoin in Germany. She’s pushing for Bitcoin to be accepted for paying taxes and fees. Imagine rocking up to the tax office, whipping out your Bitcoin wallet, and telling them, “Here you go, Uncle Sam, tax payment made in Bitcoin!”

But that’s not all, my friends. She also wants Bitcoin mining farms to help stabilize the power grid. Talk about using Bitcoin to save the day, literally! And she’s not stopping just at Germany. She wants countries worldwide to join forces and create a standard for Bitcoin’s cross-border use.

Now, you might be wondering if Cotar has the hots for other cryptocurrencies too. Well, sorry to burst your bubble, but her love is reserved for Bitcoin only. She’s sworn her allegiance to the king of cryptocurrencies and is on a mission to spread the word.

So, there you have it, folks. The EU is cooking up some exciting stuff in the world of digital assets. We’ve got the MiCA regulation for comprehensive crypto legislation, and the digital euro making waves. And don’t forget about Joana Cotar, the Bitcoin champion, fighting for Bitcoin’s recognition and freedom.

What are your thoughts on the EU’s digital currency plans? Are you team digital euro or do you prefer the Bitcoin route? Let’s hear it in the comments!

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