In November, Germany became the leader of the free world where government acceptance of cryptocurrency is concerned.
That’s because last week, a bill was pushed forward by the Bundesrat, the upper house of Germany’s legislature, that would allow German banks to directly sell and custody cryptocurrencies for their clients as of January 1st, 2020.
Next up the country’s 16 states will make a final decision on the bill, though domestic analysts don’t expect resistance to the legislation at the national level.
That means the way is paved for the bill to officially come into law, a development that would mark a watershed moment not only for Germany but also for cryptocurrencies in general.
Crypto Goes Mainstream in Heart of Europe
Germany is one of the largest economies in the world and…