From 2020, the sale and custody of Bitcoin will be allowed to all German banks

[wiss19]

Crypto landscape is constantly evolving in Germany, who is leading the way in Europe.
Today’s news:

Deutsche Börse Group takes majority stake in Crypto Finance AG

This is basically another proof that Germany is the place to be in Europe for crypto stuff. After what UK did to Binance the other day, Germany is going the other direction and supporting it like crazy. I am not saying that what UK did was horrible, they are regulating and making it more legit so I am in full support of that as well but there is always a method of "just accept it as it is" as well which Germany is doing right now from the looks of it. I never expected it to be this easy for them to be fully embracing crypto, but by the looks of it they are.

Moderate three digit means about 500? I mean that is the middle of 100 to 1 billion, so I assume something like 300-800 range is too wide to call moderate, I would say 400 to 500 million seems to be the way to go. That means it is also about 300-500ish in American dollar as well, that is a HUGE acquisition.

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[sapnu]

It seems that there are a lot of news already with regards to Germany being a crypto friendly nation and hearing that they will soon regulate bitcoin in their country, it would definitely make a huge impact in the market now and in the future if ever things works out well. Amongst all the countries in Europe, many are saying that Germany is a good place to start up a crypto investment specially with bitcoin now that such news have showed up and appears to be legitimate. Don't wast the chance if you live there, grab the opportunity and start investing already!

[fillippone]

Compared to other European countries, Germany has been trying to leverage regulation in order to place his domestic firms in the best possible competitive position to grasp the larger part of the booming crypto-related market.
Other countries,  Italy for example, had the opposite attitude, when they actively tried to use legislation to prevent their firms doing business in the crypto industry.

[Lucius]

It seems that there are a lot of news already with regards to Germany being a crypto friendly nation and hearing that they will soon regulate bitcoin in their country, it would definitely make a huge impact in the market now and in the future if ever things works out well.

Why do you say that Germany will soon regulate Bitcoin? As far as I know, the regulations regarding cryptocurrencies have been quite clear in that country for several years. Other than declaring a Bitcoin legal tender (good luck with that anywhere in the EU), I don't see what can be done legally to make the situation better than it is at the moment.

Compared to other European countries, Germany has been trying to leverage regulation in order to place his domestic firms in the best possible competitive position to grasp the larger part of the booming crypto-related market.

Things seem to be starting to change in that strategy as well, because how else to explain that Coinbase got a license for "crypto custody services and proprietary trading", and they say that this is the first license of this type issued in Germany.

https://www.reuters.com/technology/germany-grants-coinbase-licence-crypto-custody-services-2021-06-28/

[fillippone]

German lawmakers confirm themselves as quite proactive in regulating cryptos.
From Mondays institutional funds in Germany will be allowed to hold up to 20% in crypto.

Germany to Allow Institutional Funds to Hold up to 20% in Crypto

Germany plans to allow certain institutional funds to invest billions of dollars in crypto assets for the first time.


A law taking effect on Monday will let so-called Spezialfonds with fixed investment rules put as much as 20% of their holdings in Bitcoin and other crypto assets. The funds, which can only be accessed by institutional investors such as pension companies and insurers, currently manage about 1.8 trillion euros ($2.1 trillion).

It will be extremely intrteeting to know how much this possibility will be used in the coming months.

[goldade]

This is one of the most awesome news I have ever read on this forum. Germany is going to make a wave with this. This is simply integrating bitcoin into the fist system to make accessible to the local. Not only does this move makes bitcoin more accessible, when the local sees that bitcoin is held and being sold by banks, he believes in it and is ready to own some.
Trust me, this will in ways unimaginable pump the adoption of bitcoin so much in the mainstream world. We're looking at a bullish run very soon.

[DrBeer]

This is news on the one hand. And there is news on the other side: https://www.bloomberg.com/news/articles/2021-07-20/eu-proposes-ban-on-anonymous-cryptocurrency-transactions

I wonder how two, diametrically opposed "laws" will be fulfilled in reality?

[fillippone]

German banks confirm their hedge on continental Europe regarding Bitcoin Regulation.

Germany's Commerzbank Applies for Local Crypto License

Germany's Commerzbank (CBK) applied for a crypto license earlier this year, a spokesperson for the bank said. This makes it the first major bank in Germany to move towards crypto adoption.
* A bank spokesperson said Commerzbank wants to help shape emerging digital ecosystems, especially with regard to custody and trading in non-physical assets.
* “To this end, we entered into a cooperation with Deutsche Börse and Fin-Tech 330x in spring 2021. In addition, we are pursuing our own digital asset strategy and are also planning our own offerings for our customers in the coming years. We have applied for a license from the Bafin for the safekeeping of crypto assets. The future offer is initially aimed at institutional customers,” said Bernd Reh, Senior Spokesman, Commerzbank.
*

The funny thing is first Commerzbank shareholder with a 15% share is an agency of the German federal Government.


On a less serious tone, also @Stadicus300 informs us that Raffeisen is starting to sell Hardware Wallets in their branches: