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Germany’s Joana Cotar has expressed significant dissatisfaction towards the advancement of the digital Euro. She questioned the necessity of such Central Bank Digital Currencies (CBDCs) and voiced her support for Bitcoin. Cotar articulated her views during a recent parliamentary speech, challenging the digital Euro’s benefits. Discover why German lawmaker Joana Cotar is advocating for Bitcoin over the digital Euro, as she raises concerns about privacy and control. Joana Cotar Questions the Digital Euro Joana Cotar, an independent member of the German Bundestag, has strongly opposed the European Central Bank’s (ECB) initiative to introduce a digital Euro. In a recent parliamentary speech, she questioned the explicit need for such a currency and highlighted the lack of clear benefits as articulated by ECB President Christine Lagarde. Cotar’s stance underscores a larger debate on the legitimacy and necessity of Central Bank Digital Currencies (CBDCs). Concerns About Privacy and Financial Risks Cotar voiced her concerns regarding the digital Euro’s implications on financial privacy and overall economic stability. She argued that the demand for a digital Euro seems confined to the ECB and certain politicians. “The promises that the ECB makes on privacy are not worth the paper they are written on,” she declared, reflecting widespread skepticism. Cotar emphasized that the balance between privacy and policy objectives would ultimately be manipulated by European lawmakers, potentially leading to increased surveillance and control. Bitcoin as a Viable Alternative Cotar is not just critical of the digital Euro; she is a staunch advocate for Bitcoin. Through her public speeches and social media platforms, she has promoted Bitcoin as a more transparent and secure alternative. Recently, Cotar shared a video on X, asserting, “It’s not about another means of payment. It’s about control. The digital Euro is the path to total surveillance.” Her statements underscore a broader concern about…

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Filed under: News - @ July 7, 2024 9:20 am