RATE Group | Cryptocurrency future in Germany | predictions and current situation
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Cryptocurrency future in Germany | predictions and current situation

29 Oct Cryptocurrency future in Germany | predictions and current situation

Posted at 21:10h in Cryptocurrency News by

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German has always been known to be a strongly developed country, as politically, so as economically. Technology adoption and innovation have also been a part of German culture for a while now. However, it is far from being one of the cryptocurrency leading nations like Switzerland, Japan, Malta, Singapore, or Luxembourg.

Nonetheless, we can still notice an encouraging cryptocurrency adoption. The government has already started pushing legislation papers that would ensure the improvement of adoption conditions for crypto on the market. This can prove that there is already a ground for Germany to become a leading crypto-nation. Moreover, some experts are positive that the country will become the most crypto-friendly place in the EU soon.

The current situation in Germany

The head of the Frankfurt School Blockchain Center, Philipp Sandner, said:

“In Germany, there are currently approx. 800,000 cryptocurrency owners…this represents circa 1% of the total…

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