Bitcoin Gets Big Boost in Germany After Banks Allowed to Offer Cryptocurrencies

[cheezcarls]

The regulatory constraints that previously prohibited German banks from offering Bitcoin-related services to clients could soon become a thing of the past.

New reports are coming in that once the fourth EU Money Laundering Directive comes into effect, financial institutions in Germany will have the legal and regulatory approval to offer and hold cryptocurrencies including Bitcoin.

Source link here

For me, I think this is gonna be huge for Bitcoin and crypto enthusiasts in Germany. It looks like that these German banks can finally embrace and be adopted in their financial ecosystem. I’m happy for Germany!