Germany’s New Crypto Law Comes Into Effect on August 2

[ramarajs14]

Germany enables institutional investors to hold crypto.
This move could lead to accepting Bitcoin and altcoins within the country’s pension funds.
The country will see further enhancements in the crypto and blockchain sectors in the future.

The latest German law governing German Spezialfonds goes into effect from August 2, 2021, onwards. This initiative could bring a huge influx of about $415 billion worth of investments via cryptocurrencies.

In detail, this law will enable German institutional funds to hold up to about 20% of their assets in terms of cryptocurrencies. This move, in turn, could lead to a possible open stage for mainstream Bitcoin (BTC) adoption in the country.

source: Germany’s New Crypto Law Comes Into Effect on August 2

[Ferki]

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[Fenix]

Germany has always been the most crypto-friendly among the countries of the European Union. In terms of the legalization of cryptocurrency and the loyal conditions for its circulation, this state has always been different for the better. Of course, for institutional investors, since they are legal entities, it is important to have clear rights in relation to cryptocurrency in order to avoid problems with tax and other regulatory authorities in the future.