Germany so into crypto finance

It looks like Germany doesn’t want to miss any of the possibilities the crypto can offer to the traditional finance.

Not only it has 0% tax on crypto gains and its banks can offer clients crypto services with a special licence. Since yesterday the most popular investment vehicle in Germany – the Spezialfonds – are authorized to allocate up to 20% of their portfolios to crypto.

The biggest European economy can seriously change the current (mostly American) landscape of cryptofinance: if all German fonds allocated 20% to crypto, that would amount to $415 Bn (current market cap of all cryptocurrencies is 1.3 Tr).