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Germany: Crypto News

๐†๐ž๐ซ๐ฆ๐š๐ง๐ฒ ๐ ๐ซ๐š๐ง๐ญ๐ฌ ๐ข๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ข๐จ๐ง๐š๐ฅ ๐Ÿ๐ฎ๐ง๐๐ฌ ๐ญ๐ก๐ž ๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐ญ๐จ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ ๐ข๐ง ๐œ๐ซ๐ฒ๐ฉ๐ญ๐จ.

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 Germanyโ€™s financial watchdog BaFin attempts to balance its concerns about what it has described as the โ€œhighly 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:

$ETHEREUM $BTC$DOGE$ADA$COIN (Coinbase Global Inc)


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