Following Russia, which intends to adopt a law aimed at developing the digital economy before July 1, 2019, as Vladimir Putin ordered , the German cabinet of ministers announced that by the middle of 2019 it would also introduce a strategy for the country regarding blockchain technology and digital assets. .
Published on the Bundestag website, the document outlined intentions regarding the emerging digital asset class, where the German Ministry of Finance and the Ministry of Economy and Energy will develop a strategy and contribute to the regulatory framework together with other departments in the country.
According to Reuters , the German government contacted companies and industry groups that may be interested in a growing industry in order to receive recommendations.
However, it is not yet clear whether something will be implemented and, if so, in what time frame. Meanwhile, the Government is calling for caution regarding cryptocurrencies that work on blockchain technology.
Earlier it was also reported that Bitbond, a German blockchain company, announced it had received green light from the Federal Agency for Financial Supervision (BaFin) to issue tokenized securities (STO) , becoming the first company to conduct STO in the country.
Publication date 04/03/2019
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