German Federal Ministry of FinanceAccording to an official statement on March 8, Blockchain issued an important statement on the issue of securities-based securities.
Crypto Money Arrangements
The ministry announced that it has expressed some views on the launch of digital securities and the introduction of crypto coins. According to the published statement, digital securities regulations independent of technology Must be. And this is Blockchain technologyor distributed notebook technology(DLT).
According to the document, the introduction of crypto coins should not be subject to current market regulations. Because the crypto coins do not represent any of the securities, investments or other financial instruments in accordance with the existing Commercial Code. However, ICONThey need to be organized because they represent investments and capital in crypto coins. Therefore, the ICOs are also published.
According to the announcement, this paper should be thoroughly examined by the Ministry of Justice and Consumer Protection and the Federal Ministry of Finance before any draft law should be considered and a detailed example should be issued. Germany's leading fintech The announcement also aims to be one of the countries.
The German Council of Ministers, the most competent board of the German government recently announced that the Blockchain strategies to be followed in the country will be announced in mid-2019. The cabinet also stated that they would receive an online consultation before implementing Blockchain strategies. It was also stated that the country's Blockchain strategy was prepared with the support of many ministries.
On the other hand, Germany's second largest stock exchange Boerse Stuttgart in December, announced that in the first half of 2019 will open a crypto currency exchange. We will see whether this latest statement by the Ministry of Finance will affect the stock exchange decision ’