Home web3.0 The German Government\'s Sale of Seized Bitcoins Sparks Controversy

The German Government\'s Sale of Seized Bitcoins Sparks Controversy

Jul 12, 2024 pm 05:58 PM

The massive sale of bitcoins by the German government is sparking controversy. Joana Cotar, a federal MP, is opposing this decision, which she believes is harmful to the national economy and the crypto market.

The German Government's Sale of Seized Bitcoins Sparks Controversy

A German parliamentarian has voiced strong opposition to the government's decision to sell bitcoins seized from the illegal site Movie2k.to. Joana Cotar, a member of the federal parliament, believes that this move is detrimental to the national economy and the crypto market.

Her stance, which is detailed in an official communication to policymakers, stems from her belief that bitcoin is a strategic asset for Germany. She urges the government to reconsider its hasty decision to sell these state-owned bitcoins.

Cotar's statement highlights her view of these assets as a strategic national reserve that should be preserved. She goes on to suggest that the government should explore adding BTC to the German Treasury's diverse portfolio of assets.

In addition to her opposition to the bitcoin sale, Joana Cotar is actively pushing for a deeper understanding and adoption of Bitcoin in Germany. Through the "Bitcoin in the Bundestag" program, she aims to educate her parliamentary colleagues on the benefits of crypto.

Cotar advocates for a harmonious approach that balances legal security and innovation. She emphasizes the need to address risks like money laundering while maintaining Bitcoin's libertarian aspects.

Cotar's enthusiasm for Bitcoin is evident, as she views it as a viable alternative to the digital euro proposed by the ECB, highlighting her strong support for the first cryptocurrency.

As the German government proceeds with the sale of a portion of the seized bitcoins, Joana Cotar's stance reignites the discussion on the role of Bitcoin in Germany's economic strategy.

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