- German MP Joana Cotar suspects there may be more behind the proposed rollout of the digital euro.
- The Bundestag member claimed that the central bank digital currency (CBDC) is about imposing control.
- Alongside this news is the German government wallet address’ continuous Bitcoin (BTC) whale transactions.
Joana Cotar Criticizes EU’s CBDC
Out of the handful of Germany’s Bundestag members who have claimed to be in support of innovation and cryptocurrencies, no one has been more vocal lately in their advocacy than parliament member Joana Cotar. Recently, she fired back at her government for its series of BTC whale sales. Now, she has turned her attention to an equally concerning matter regarding the planned adoption of the digital euro, the European Central Bank’s (ECB) version of a CBDC.
Cotar boldly claimed that the ECB’s goal for the digital euro is not as simple as offering people an alternative means of payment. She accused European lawmakers of framing the EU CBDC as one of their “harmless initiatives” to hide its nefarious purpose. The independent member of the legislature accused the proponents of the financial instrument of masking their intent to increase their digital surveillance and control of the masses.
“It’s not about another means of payment,” Cotar said in a short but fiery speech in front of her colleagues. “It’s about control.”
Of course, Cotar took the opportunity to exercise her role as a Bitcoin advocate. The politician urged her audience to “Study Bitcoin.”
Bitcoin Whale Transactions Involving Germany’s Crypto Wallet Address
Speaking of Bitcoin, the wallet belonging to the German government continued its BTC transactions as of Monday evening (UTC time). This time, though, it appeared to be the recipient of 2,898 BTC, totaling around $162.94 million in late afternoon today.
Most transactions originated from several crypto exchanges, including Kraken, Coinbase, and Bitstamp. Meanwhile, an anonymous wallet that has been closely linked with the government wallet accounted for $2.82 million of the transfers.
The inflows interestingly came after the German government wallet dumped over $900 million worth of BTC in the market in the past 24 hours. Hence, this begs the question, “What is the German government really up to?”
Cotar has notably sent a letter addressed to the German government earlier, urging its policymakers that instead of hastily selling the country’s Bitcoin holdings, they should explore its potential as a reserve asset. She likewise noted that the legislature must be careful in crafting crypto regulations to ensure that they don’t impede the innovation and financial freedom offered by BTC.
