German Institutional Crypto Investment Rules ‘Open The Gates’
August 5, 2021 (Investorideas.com Newswire) New German rules on institutional investment in crypto assets “will open the doors” for mass adoption of the asset class, believes Global Digital Finance (GDF), the organization member of the cryptoassets and digital finance industry. .
GDF expects other regulators to follow suit and says a Bank for International Settlements consultation paper already gives financial institutions confidence to invest in crypto and has set a potential framework.
Under the new German law, which came into effect on August 2, Spezialfonds – also known as special funds – can hold up to 20% of its assets in cryptocurrencies, paving the way for increased investment. pension funds and insurers in Germany.
Analysts predict the move could represent up to $ 400 billion in crypto investment by Spezialfonds, which currently holds more than $ 2.1 trillion in assets.
Lavan Thasarathakumar, Director of Regulatory Affairs EMEA at GDF said: “This opens the doors to mass adoption. The increase in institutional investments in crypto-assets will pave the way for the production of new products and services and more innovative solutions that can take the crypto industry to a new plain and provide some of the benefits it has. promised.
“The key element of the law is that it sets clear guidelines under which financial institutions will be expected to invest in crypto assets. It gives institutions confidence and mandate to be able to invest money in crypto.”
GDF expects others to follow the “very proactive approach” of German regulators and also points to the decision of the Securities and Exchange Commission in the United States to allow specialist brokers to invest in crypto assets as an excellent starting point.
GDF, which, along with its members, promotes greater adoption of market standards for the use of crypto and digital assets, says crypto-assets such as Bitcoin are in high demand by retail and professional investors due to the performance. 10 year uncorrelated which is the best of any asset class.
For more information
Call Phil Anderson or Taylor Marriott at Perception A on 07767 491 519/07983 335021
Global digital finance
Global Digital Finance (GDF) is an industry member body that promotes the adoption of best practices for crypto-assets and digital finance technologies, through the development of standards of conduct in an engagement forum shared with market players, policy makers and regulators. More than 100 global organizations are members of GDF and more than 350 industry professionals from around the world have worked on the development of GDF Codes of Conduct, the only global standard in this emerging sector.
This news is published on Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer / Disclosure: Investorideas.com is a digital publisher of third party equity news, articles and research and creates original content including videos, interviews and articles. Original content created by Investorideas is protected by copyright laws other than syndication rights. Our site does not make any recommendations to buy or sell any stock, service or product. Nothing on our sites should be construed as an offer or a solicitation to buy or sell any products or securities. Any investment involves risks and possible losses. This site is currently paid for news publishing and distribution, social media and marketing, content creation and more. Disclosure is issued for every paid press release, content posted / created as necessary, but otherwise the news has not been paid and has been published for the sole benefit of our readers and subscribers. Contact the management and IR of each company directly for specific questions.
More information on the disclaimer: https://www.investorideas.com/About/Disclaimer.asp Learn more about posting your press release and our other news feed services press Investorideas.com https://www.investorideas.com/News-Upload / and tickertagstocknews.com
Buy a crypto guest post on Investorideas.com