Proposed Legislation in Germany Could Allow $425B to Flow Into Crypto

This could be big for Germans – and crypto

Proposed Legislation in Germany Could Allow $425B to Flow Into Crypto: Report

  • The report cites analysis by Sven Hildebrandt, CEO of Distributed Ledger Consulting (DLC).
  • The bill, which was approved by Germany’s parliament last week, is expected to take effect on July 1 if it is approved by the upper house, the Bundesrat.
  • Under the legislation, wealth and institutional investment fund managers, known as Spezialfonds (special funds), will be able to invest up to 20% of their portfolio in crypto.
  • If they all did so to the 20% limit, nearly $425 billion would move from other assets into crypto, based on the total assets under management (AUM) of such funds in Germany.
  • The legislation could prove a significant development for wider acceptance of crypto institutional investment across Europe, given Germany’s status as the eurozone’s most powerful economy.

https://www.coindesk.com/proposed-legislation-in-germany-could-allow-425b-to-flow-into-crypto-report

 

Master Asked on April 29, 2021 in Cryptocurrency.
Add Comment