German Parliament member ’staunch opponent' of digital Euro, all in on Bitcoin
EU lawmakers are anticipating the arrival of the digital euro, though German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin. The European Union has been actively preparing for what it envisions as the future of money. Over the last year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets regulation (MiCA), which is due to take effect in 2024, after closing its second consultation in October. It has also made progress in its plan to introduce a central bank digital currency (CBDC), which is coming to fruition as the “ digital euro.” The Bank of the Netherlands has described it simply as an “electronic form of public money - the coins and notes in our wallets.” Many local regulators are embracing the digital euro and touting its potential benefits, though not everyone is on board. A recent survey out of Spain revealed that as much as 65% of Spaniards are not interested in using the digital euro. Slo...