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A German Law Allowing $415B Crypto Investment Takes Effect

Published 07/01/2021, 12:30 PM
A German Law Allowing $415B Crypto Investment Takes Effect

  • A new law in Germany takes effect today, which can bring $415 billion flow into crypto.
  • The German Fund Allocation Act permits Spezialfonds to invest up to 20% in crypto.
  • Huge allocation of this market towards crypto can have a good impact across Europe.

Today, a new law in Germany takes effect which can possibly bring $415 billion flow into crypto.

According to reports, this Fund Allocation Act in Germany permits Spezialfonds or special funds, to invest as much as 20% to crypto.

Furthermore, if every Spezialfond wants to allocate a full 20% from their portfolio, that will equate to $415 billion. The numbers are based on the total assets under the management of such funds in Germany. Sven Hildebrandt, CEO of Distributed Ledger Consulting (DLC),

This article was first published on coinquora.com

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