๐๐๐ซ๐ฆ๐๐ง๐ฒ ๐ ๐ซ๐๐ง๐ญ๐ฌ ๐ข๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ง๐๐ฌ ๐ญ๐ก๐ ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ญ๐จ ๐ข๐ง๐ฏ๐๐ฌ๐ญ ๐ข๐ง ๐๐ซ๐ฒ๐ฉ๐ญ๐จ.
German funds aimed at institutional investors can now allocate up to a fifth of their assets to cryptocurrencies, but managers are expected to take a cautious approach as they weigh the risks of placing client money in the ultra-volatile asset class.
The new rules, which were enacted at the start of July, come as Germanyโs financial watchdog BaFin attempts to balance its concerns about what it has described as the โhighly risky and speculativeโ nature of cryptocurrencies with its desire to encourage the development of new technologies that could have a significant effect on financial services.
For the article see: www.ft.com/content/c523fa52-25da-4d7e-8378-cc58bd1e6c89
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