Home Latest News World Germany allows institutions to store funds legally

Germany allows institutions to store funds legally

1 min read
0
1
1,441
germany crypto

In Germany, a new law will come into effect, which will allow companies to diversify their assets. 20% of their assets will be in cryptocurrencies. The main contender will be Bitcoin, among other cryptocurrencies. Bitcoins will be accepted into the pension funds too.
Ledger - Crypto Beginners Pack
It will modify all the previous governmental rules regarding Spezialfonds (funds allocated to pension funds and those who provide insurance). These funds are worth $2.1 trillion in assets. Why only 20%? Tim Kreutzmann from BVI said that these funds are regulated by strict rules and regulations.

Experts said that this law is an evolution directed towards the right way. Bafin (Federal Financial Reserve, Germany) is still asking investors to remain vigilant during these cryptocurrencies.
cloudways
Incidentally, Germany is the first country to launch a comprehensive Blockchain plan this year. People say it will make crypto investing easier than before. It is also a place where exchange-traded products (ETPs) are quite common.

Load More Related Articles
Load More By AtoZcrypto
Load More In World

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

What’s Binance’s rule for Token Listing?

Binance’s CEO, Changpeng Zhao, listed some pointers on how to list tokens on the pla…