Germany so into crypto finance
juillet 02 2021
Back

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).