2nd August 2021
About $415 billion worth of investments could flow into cryptocurrencies as new special funds laws go into effect.
Since August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in cryptocurrencies, this could be a foundation for the institutional funds to accept mainstream crypto assets
As reports, the new law alters fixed investment rules .But Germany’s authority continues to remind people be careful with digital-asset investing. At the same time, the financial watchdog encourages blockchain innovation in the country.
Back to 2019, Germany first embarked on a comprehensive blockchain strategy, promoting 44 adoption measures that are set to be realized by the end of 2021. Germany also become a leading market for cryptocurrency exchange-traded products.