Topic: New regulatory law to allow funds in Germany to hold up to 20% in crypto (Read 83 times)
August 04, 2021, 04:38:46 PM
Germany is well known for leading the world in technological advancement, and ever since they allowed the use of bitcoin and crypto as a whole it is no surprise to me to seem passing laws to double down on adopting cryptocurrency, and i personally hope that many governments and leaders see this and realize that the future lies with the cryptocurrency and rather than opposing it and banning it, they should embrace it and develop it
August 04, 2021, 03:50:32 PM
20% exposure is huge. This indicates two things that one government is slowly trying to accept Cryptocurrencies especially in form of an investment and secondly which may sound bad to some people but they want people to invest in Cryptos through government regulated mode only, because otherwise people would have directly Brought Cryptos and keeping a track of that would have been difficult, but when you buy a fund you have done proper KYCs which means your Crypto holdings are directly under the supervision of government.
August 04, 2021, 03:49:35 PM
20% isn't bad at all. Getting a signal that investing to crypto is total fine is already a good news. Now with these institutions that have already the plan to invest in crypto.
Are we getting the sign that there should be an impact to the market because they're about to come again in the next batch? This only means that Germany recognizes the profitability of crypto and they cannot avoid its progress.
Are we getting the sign that there should be an impact to the market because they're about to come again in the next batch? This only means that Germany recognizes the profitability of crypto and they cannot avoid its progress.
August 04, 2021, 03:32:30 PM
That’s something interesting, I wonder how the regulations will be handled in this case. As far as I understand, the decision about holding funds in crypto will be made by institutional investors, but what about their clients? Many people still feel skeptical about crypto, so what will they think of the funds security being somewhat dependent on crypto price volatility? If this decision isn’t taken well by people, the investors won’t risk it.
August 04, 2021, 03:27:50 PM
I'm here thinking, why's Germany's Central Bank not going the way of China and Vietnam to create their own CBDCS? What qualities do the German lawmakers possess that's lacking in the leadership of other countries where cryptocurrency is being bastardized? Although this is just at the experimental stage, it is a very welcome development. Well, one thing is sure the world is watching and they will either take a cue from Germany if all goes well or they'll find more reasons to oppose the ownership of cryptocurrency assets. One country at a time Bitcoin will soon find it's way into the hearts and minds those who seek to kill it's acceptance.
August 02, 2021, 10:03:26 AM
I hope democrats and Joe Biden are reading this news. Recognizing the SEC must legalize cryptocurrency based ETFs and mutual funds the way germany is doing. To give americans access to the same financial opportunities and investments that germans enjoy.
The point here is that certain funds can invest in cryptocurrencies, this is not about some right of ordinary citizens regarding such an investment - they have such opportunities from before. Besides, why would the US follow anyone's example, because it's usually just the opposite - and it's hard to expect the US to pass a law that the crypto tax is 0% after one year of investment as it is supposed to be in Germany.
It is a strange thing when america the "land of the free, and home of the brave" is more restrictive towards crypto than europe, asia, australia and the rest of the civilized world.
Words are one thing and reality is quite another - do you still believe that there is some truth in all this? Every powerful country wants to control its finances, because they are key to everything else - and as an EU resident, I can tell you that there are a lot of illogicalities I see regarding cryptocurrencies - every country has different rules.
Even 3rd world countries have better regulation of crypto than most of the USA currently does. Then again 3rd world countries have better access to affordable healthcare. And so perhaps there is some semblance of consistency present.
But the US has Coinbase, Grayscale, Square, MicroStrategy, Tesla, and many other companies that are extremely important for Bitcoin - and the largest crypto ATM network in the world. Of course, things might be more favorable for the average Joe, but maybe something will change on that in the future.
August 02, 2021, 09:38:34 AM
I hope democrats and Joe Biden are reading this news. Recognizing the SEC must legalize cryptocurrency based ETFs and mutual funds the way germany is doing. To give americans access to the same financial opportunities and investments that germans enjoy.
It is a strange thing when america the "land of the free, and home of the brave" is more restrictive towards crypto than europe, asia, australia and the rest of the civilized world.
Even 3rd world countries have better regulation of crypto than most of the USA currently does. Then again 3rd world countries have better access to affordable healthcare. And so perhaps there is some semblance of consistency present.
It is a strange thing when america the "land of the free, and home of the brave" is more restrictive towards crypto than europe, asia, australia and the rest of the civilized world.
Even 3rd world countries have better regulation of crypto than most of the USA currently does. Then again 3rd world countries have better access to affordable healthcare. And so perhaps there is some semblance of consistency present.
August 02, 2021, 06:56:06 AM
A few hours ago I saw another article about it saying the same thing and this article you linked here can confirm anything because I wasn't sure to see a government in Europe allowing to hold crypto. However, Since Germany is known as an industrial country and they are getting progress every day, It's not surprising to see they are one of the first countries to allow such things in Europe. Among all other countries in Europe Germany is almost the best country for accepting any new technology that's why people say Germany is an industrial country.
Are they industrial country? From what I see in photos, it's not in the industrial period so correct me if I'm wrong. Also, why would EU be on the nose too much with what Germany does in their own country, I mean there's a limit right. Pretty envious of German people having these kind of option for investment, my country only wants to get some big taxes on crypto and do nothing to benefit the people. 
August 02, 2021, 06:55:48 AM
I'm a bit puzzled: isn't this the same as the law that should be already in effect in Germany since July 1?
The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
August 02, 2021, 06:32:28 AM
A few hours ago I saw another article about it saying the same thing and this article you linked here can confirm anything because I wasn't sure to see a government in Europe allowing to hold crypto. However, Since Germany is known as an industrial country and they are getting progress every day, It's not surprising to see they are one of the first countries to allow such things in Europe. Among all other countries in Europe Germany is almost the best country for accepting any new technology that's why people say Germany is an industrial country.
August 02, 2021, 04:20:58 AM
As reported by Bloomberg News, as of today (Monday 02.08.2021) a new regulatory law is to come into force in Germany, which allows special funds that are registered in Germany to invest up to 20% of their allocations in crypto. These funds can be purchased on the stock exchange.
https://www.bloomberg.com/news/articles/2021-07-30/germany-to-allow-institutional-funds-to-hold-up-to-20-in-crypto
https://www.bloomberg.com/news/articles/2021-07-30/germany-to-allow-institutional-funds-to-hold-up-to-20-in-crypto
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