Cryptocurrencies

Germany to Allow Institutional Funds to Hold up to 20% in Crypto

Law would let billions of euros flow into crypto assets
Spezialfonds effected currently manage 1.8 trillion euros

BitMain Crypto Hardware Repair Inside 3Logic Service Center — Photographer: Andrey Rudakov/Bloomberg

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By Stephan Kahl

July 30, 2021 at 12:00 AM EDT

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Germany plans to allow certain institutional funds to invest billions of dollars in crypto assets for the first time.

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Before it’s here, it’s on the Bloomberg Terminal