German cryptocurrency regulatory rules officially take effect in January 2020, financial institutions are not allowed to provide custody services
In July 2019, the German federal government announced a draft government implementing the "Amendment of the European Union's No. 4 Money Laundering Directive." From now on, "cryptographic assets" including securities tokens and cryptocurrencies have been incorporated into German law-the "German Banking Law" treats them as financial instruments. At the same time, all companies that manage […]
German ruling party report: consider launching euro stable currency to realize the digitization of money supply
Germany's main political parties, the German Christian Democratic Union (CDU, the German ruling party) and the Christian Social Union (CSU) are considering creating a “digital euro” stable currency controlled and managed by the central bank. A government report released last week said that as a substitute for the statutory euro, the digital euro or "electronic […]
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