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  4. A German Law Allowing $415B Crypto Investment Takes Effect
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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...
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A German Law Allowing $415B Crypto Investment Takes Effect 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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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
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 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
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 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
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