New German Law Could Bring $415B Into Crypto

Finally, some bullish news from Germany! The German parliament recently approved a proposal introduced back in April, which could significantly impact the crypto markets.

Taking effect on July 1st, the Fund Location Act permits certain special funds to invest up to 20% of their portfolios into crypto assets. If every fund chose to allocate the maximum amount of 20% in crypto, this would equate to $415B based on the total assets under management of those funds.

Special funds are the dominant institutional investment vehicle in Germany. Given the country’s status as the most powerful economy in Europe, a step of this market towards crypto could strongly influence other European countries’ approach towards crypto-regulating laws.

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