German authorities pass a bill aimed at helping banks to trade and store cryptocurrencies, in particular Bitcoin (BTC) in the new year.
Decision on innovation
The bill has already passed through the federal parliament and is awaiting general agreement from 16 states. If it is successfully adopted, the provision on the prohibition of cryptocurrency sales by banks and other financial institutions will change in the country. The decree will significantly facilitate and simplify the tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details of banks in digital currencies, as they will be able to offer cryptocurrency online banking.
It is worth noting that the latest bitcoin news, reports that the largest German Banking Association with more than 200 institutions is on the side of the bill, explaining its position by the fact that they have developed protection tools customer rights for all assets. It is also interesting that in the October issue of their newspaper this year, it was noted that Europe “needs a developed digital euro.”
Interesting in the section: Financial geography: cryptocurrencies reached the Vatican
- The Swiss Federal Council called on the country to improve the regulatory framework of distributed ledger technology (DLT).