plans to introduce draft regulations allowing as soon as this summer, local daily business outlet reported May 9.
Citing Thomas Heilmann, the ruling coalition government’s dedicated correspondent, the publication revealed the new legislation has already gained mainstream momentum, with a summary paper already in existence.
According to Heilmann, it is both necessary and advantageous for Germany to embrace with supportive .
“We consider it to be of paramount importance that we bring technology forward for Germany, specifically in 2019,” Handelsblatt quoted him as saying.
Germany has traditionally taken a stance on both and , with the country showing itself to be of () and other in particular.
That situation has more recently , as authorities become aware of evolving trends.
The current legal changes center on the idea of tokenizing processes currently done on paper, while enshrining legality would prevent issues arising from them languishing in a regulatory gray area.
“The national government has finally woken up,” Frank Schaeffler, the expert for Germany’s Free Democratic Party, continued. He added:
“Now things need to move fast. Crypto issuers and investors are looking for a regulated financial marketplace for their activities which we can present on the international stage. Germany has the chance to adopt a key position here.”
Last month, nearby , which like neighboring has become known for its pro-crypto stance, bonds for the sector. And this week, the country new concerning tokenization and .
Published at Fri, 10 May 2019 12:17:30 +0000
