German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation.“ urge you to refrain from a hasty disposal of state-owned Bitcoin,” the Bitcoin-friendly politician wrote to members of Germany’s government on July 4.
“Instead of divesting, I recommend developing a comprehensive Bitcoin strategy. This could include keeping Bitcoin in the state treasury, issuing Bitcoin bonds or creating a conducive regulatory environment,” Cotar said in the translated statement. Part of that Bitcoin strategy would involve establishing a legal framework to promote Bitcoin-based innovation and attracting top talent from around the world.Mt. Gox’s $9 billion reimbursement plan
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