China is nowhere near being pro-Bitcoin. They're still insisting and would still push the growth of their own government-made cryptocurrency, giving/retaining their control and surveillance to their population's financial activities while still banning and keeping an eye to enterprises with operations related to other cryptocurrencies.
Still, having known Germany leads the way to Bitcoin adoption could impose impact on US and other countries that are still neutral to implementing cryptocurrencies.
Topic: This is big news for Germany Bitcoiners out there! - page 2. (Read 438 times)
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
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
If the bill get passed and banks in germany are allowed to deal in crypto related services then it would be a bold move on their part and set an example for the rest of the world to adopt blockchain technology and cryptocurrencies in their legal financial system which coule really help to boost the economy.A country who supports who decentralized currencies and making trade legal will surely have impact on global market and motivate other to become crypto enthuaiast as more people will be aware about it.Hope all countries understand its need. 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
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
This is only really good for the banks. German people were always allowed to get and use crypto, and even German banks could still deal with businesses dealing in crypto (unlike in Israel for example or even India where those accounts would get blocked). The only thing this law does is make things easier, but it won't be so much of a big impact for adoption I think. People won't get crypto just because it's easier.
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
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
This news is not only a win for frequencies enthusiast in Germany but a massive news for all users of crypto around the world. This news to me is a pointer to the fact that Global adoption of the use of crypto is near. Germany is set to take a lead role, which country will be next? 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
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
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
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
This news is not only a win for frequencies enthusiast in Germany but a massive news for all users of crypto around the world. This news to me is a pointer to the fact that Global adoption of the use of crypto is near. Germany is set to take a lead role, which country will be next? 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
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
Even in your statement it shows that the German banks wanted to offer bitcoin related services but the regulatory obstacle was holding them back and hence it is not a change of heart by the regulators will change the entire bitcoin market and people will be able to trade bitcoin with the help of the banking sector and hopefully we will see more countries adopting the same strategy. Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
When the government is positive with crypto, this is always a good news, imagine if crypto will be widely accepted in Germany, that would really help to increase the adoption and that will be an example for other countries to realize that its possible to embrace crypto as long as its properly regulated.
I wouldn't really take that too serious because everything in crypto depends on the cycle it is in. If the cycle is bullish then you have a strong point there, but with how bearish the market currently is, I don't see it happen.I think it's more likely that we will lose a percentage of adoption now the price is going down continuously. Businesses capitulate, people do, miners do, and so on. The space has to bleed in order to grow during the next bull cycle.
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
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
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
What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.
Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.
I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
This is good news though and something to rejoice over. It shows the world is evolving and times are changing not for the negative for crypto though which needs to be emphasised. The interesting thing about Germany is that, I had not read anywhere that are hostile or ban bitcoin with aggressive moves like their counterparts in China but just kept their cool to further understand what the new innovation is all about at the same time creating some fundamental framework for it to thrive. Good news let others think of how to make it better.
Well, a bold step was taken by German and in the right direction.
As I remember, they were among the first ones to come up with policies that were crypto-friendly.
This right here is the adoption we should be talking about.
Slowly, pro-crypto Governments around the world will follow the suit and make decisions as such.
I'm sure in a few years this is the reason we'll see cryptos to a new high.
As I remember, they were among the first ones to come up with policies that were crypto-friendly.
This right here is the adoption we should be talking about.
Slowly, pro-crypto Governments around the world will follow the suit and make decisions as such.
I'm sure in a few years this is the reason we'll see cryptos to a new high.
When the government is positive with crypto, this is always a good news, imagine if crypto will be widely accepted in Germany, that would really help to increase the adoption and that will be an example for other countries to realize that its possible to embrace crypto as long as its properly regulated.
Germany has been a bitcoin-friendly country for years, it's a step forward to take it through the EU law which probably will become a stumbling block.
If it could be realized then it's no wonder if the price of bitcoin will rise significantly in 2020, it's something that could only be done with regulation.
If it could be realized then it's no wonder if the price of bitcoin will rise significantly in 2020, it's something that could only be done with regulation.
As far as I know Germany has been friendly to bitcoin already. And there are a lot of on line merchants already accepting bitcoin as mode of payment.
But this news may validate what we all have been saying all along about Germany, the country is pro bitcoin as compare to the rest of the EU countries who says that bitcoin will disrupt their financial sector.
UTRUST Announces Partnership with Germany’s Largest E-commerce Solution, Gambio, to Enable Cryptocurrency Payments. This news was early 2018,
But this news may validate what we all have been saying all along about Germany, the country is pro bitcoin as compare to the rest of the EU countries who says that bitcoin will disrupt their financial sector.
UTRUST Announces Partnership with Germany’s Largest E-commerce Solution, Gambio, to Enable Cryptocurrency Payments. This news was early 2018,
Quote
UTRUST Switzerland AG and Gambio GmbH have initiated a strategic partnership to bring cryptocurrency payments to the mainstream. Gambio is Germany’s biggest E-Commerce Solution with over 25,000 merchants, and billions in annual revenue. Through this partnership, UTRUST will be entering Europe’s largest economy, representing over one-third of total European online sales.
Good news to hear! I hope the rest of Europe will follow Germany's steps to create a clear regulatory regarding Bitcoin. Once the U.S. and all EU have this, I'm sure the rest of the world will soon follow. This will be huge once China stops making FUD and tanking the price once every year.
Europe has generally been supportive for the blockchain technology and bitcoin. The east European and Baltic countries as well as finance based economies like Luxembourg, Switzerland, Malta and Gibraltar has used blockchain based projects to boost their economies and retain their status of tax haven.
This would be a game-changer for the world, maybe more and more people would start learning about Bitcoin and realize that it is the future. It's not scams or anything, and sooner or later, every bank will follow in the footsteps. I read also that it's still limited but allowing it is a step towards pure adoption.
For anyone interested in other articles check the link below.
https://cointelegraph.com/news/germany-new-proposed-law-would-legalize-banks-holding-bitcoin
Indeed, it's possible that it might influence the decision of other countries regarding on legalizing bitcoin, maybe someday the government from other countries will recognize that bitcoin can be beneficial for their country and to their people. It has great capabilities particularly on giving us opportunities, it is great to see that the adoption is getting better day by day and it's improving. There are possible things that may happen in the future and I just hope that things will get better like how people think about bitcoin, this just proves that bitcoin isn't bad as they think it is. It is more than that and it's capable on giving us a better life. For anyone interested in other articles check the link below.
https://cointelegraph.com/news/germany-new-proposed-law-would-legalize-banks-holding-bitcoin
This is the same/similar change to what happened to all European banks a couple days back, right? Pretty sure there was a bill that is close to getting passed that allows all European banks to be associated with crypto-currency.
Wonder what banks are going to start directly selling crypto-currencies to their customers because it looks like that's now a thing. I'm going to assume they are all going to charge exuberant fees, but it'll make buying BTC extremely, extremely easy. Just login to your banking app, and directly buy BTC!
Wonder what banks are going to start directly selling crypto-currencies to their customers because it looks like that's now a thing. I'm going to assume they are all going to charge exuberant fees, but it'll make buying BTC extremely, extremely easy. Just login to your banking app, and directly buy BTC!
This would be a game-changer for the world, maybe more and more people would start learning about Bitcoin and realize that it is the future. It's not scams or anything, and sooner or later, every bank will follow in the footsteps. I read also that it's still limited but allowing it is a step towards pure adoption.
For anyone interested in other articles check the link below.
https://cointelegraph.com/news/germany-new-proposed-law-would-legalize-banks-holding-bitcoin
Sweet, adoption is real in Germany. This is what we are hoping that now, the government is favoring bitcoin. This is already a movement, a trend that bitcoin and another crypto will be available legally. As a government supports this, people will follow and more will have trust in this new technology. For anyone interested in other articles check the link below.
https://cointelegraph.com/news/germany-new-proposed-law-would-legalize-banks-holding-bitcoin
Germany is starting to emerge as the possible big leader in the cryptocurrency market under the EU banner. Now, I am sure that this move can be attracting other banks within the EU economic system, and I am also hoping that the impact long-term can really be good for the whole cryptocurrency industry. Should we then start to celebrate? We can do that subtly because things remains to be seen how this new development can really affect the overall market. But personally I am really hoping that the impact of this can be so good for all of us. Let's see if this can be a good source of inspiration and envy with other countries especially the big ones including the USA, Russia, India and of course China.
They are probably preparing to shove DoucheBank under the bus. 
Quote
At present, German banks and financial institutions are prohibited from facilitating the sale of cryptocurrencies for clients. If passed, the proposed bill will transform the status quo.
https://cointelegraph.com/news/germany-new-proposed-law-would-legalize-banks-holding-bitcoin
All 16 states have to pass this bill before its implemented in Germany. If its passed, it will be a role model for rest of the world. https://cointelegraph.com/news/germany-new-proposed-law-would-legalize-banks-holding-bitcoin
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