Germany’s Blockchain Bundesverband Lobby Group: Government ‘Welcomes Blockchain Industry’

Blockchain regulation in Germany will get a “comprehensive strategy” and “legal framework advocacy” from government in a new push for legitimacy, according to a press release published by Blockchain Bundesverband on Wednesday, Feb. 7.

A report from a consultation involving lawmakers and the lobby group Blockchain Bundesverband highlights a positive future for the technology, with the group describing how the government “welcomes the Blockchain industry.”

Bundesverband summarizes Wednesday:

“The lack of legal framework for ICOs and other token launches continues to be a major barrier for many startups in Germany. Only if this is remedied quickly at German and at EU level this technology can gain an enduring foothold in Europe.”

Germany has been broadly slow to develop a significant, robust approach to the emerging Blockchain phenomenon, placing it at odds with neighboring Switzerland in particular…

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