Germany approved its new blockchain strategy, with a focus on banning the creation of digital assets to compete with the official currency, reported Reuters. But the wording of the bill states that no “company” can issue a parallel currency.
This formulation may mean Germany has already set the stage for curbing the efforts of Facebook (NASDAQ:FB) to launch Libra and gain influence that will rival state-issued cash. Currently, most digital coins are based on voluntary efforts, and many do not have a corporation at their helm. Bitcoin, the oldest network, is completely decentralized.
“We want to be ...