German parliamentarian dismisses CBDCs in favor of Bitcoin

German Parliamentarian Joana Cotar opposes the introduction of a Euro-based central bank digital currency, arguing that it is unnecessary and aimed at enhancing monetary system surveillance.

Digital Payments (CBDCs) are gaining popularity, with people using platforms like Paypal and crypto, while those preferring privacy use cash. Germans are choosing Bitcoin for "healthy money." However, Cotar argues that CBDCs could allow surveillance and violate civil rights. The ECB's promises of data protection and privacy are criticized, with some central banks creating their own CBDCs.