Germany Follows Russia: Government To Outline Crypto Strategy by Mid-2019
Abhimanyu Krishnan's original article for www.investinblockchain.com reduced by 51%
The Cabinet of Germany has revealed that it will introduce a blockchain strategy for the country by mid-2019, which follows decisions by other countries, such as Russia, to introduce clear regulations on the validity and status of cryptocurrency in their respective countries. Reuters has reported that the German government has been in touch with companies and industry groups that could become stakeholders in what is a burgeoning industry. Governments urge caution toward cryptocurrencies that run on the technology.
In late January 2019, Germany's second largest stock exchange, the Boerse Stuttgart Group, announced that they would launch a crypto exchange, which will be facilitated with the help of an app called Bison. German derivatives exchange Eurex is also gearing up to launch futures tied to crypto assets. Countries across the world are preparing regulation for the crypto space, including India and Russia.
Russian has seen president Vladimir Putin order his government to come up with a regulatory framework, setting a deadline of July 1.
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Summarised crypto news.