German Law Could Lead to $415B Crypto Investment
Until today, German funds were barred from investing in crypto. A new law has passed allowing funds to allocate up to 20% to the asset class.
Germany has shown a willingness to work with crypto, recently allowing Coinbase to hold assets for German customers.
Germany has a significant economic influence on the rest of Europe.
Until now, Spezialfonds were not permitted to invest in crypto assets. If Germany maintains its place as a dominant economic force of Europe, more European countries could follow a similar path.
