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.”