The German government plans to support cryptocurrencies and blockchain
The digitalization will be one of the authorities' main targets for 2022
05.12.2021 - 07:00
255
1 min
0
What’s new? The new government led by Olaf Scholz, the new chancellor, has promised to revive the German economy. The “Koalitionsvertrag 2021-2025” document outlines several strategies to achieve this goal, and cryptocurrencies and blockchain technology will feature prominently in them.
The “Koalitionsvertrag 2021-2025” document
What does the document say? The authorities are cautious about digital currencies, recognizing that they may potentially be used for illegal purposes.
“We need a new dynamic in relation to the opportunities and risks from new financial innovations, crypto assets, and business models. We advocate a level playing field with equal competitive conditions within the [European Union], between traditional and innovative business models and towards large digital companies.”
What are the prospects? The government will focus on improving the regulation of the digital asset industry. It intends to collaborate with other countries and the regional regulators. This is necessary to ensure a holistic and risk-appropriate oversight of the new business models.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024