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
343
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?
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024