Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia

Some main regulatory developments in the crypto area have transpired this week. Not solely has Germany handed a invoice permitting banks to promote and retailer cryptocurrencies, however South Korea and Thailand are additionally amending their legal guidelines to higher regulate the crypto business. We additionally cowl crypto information involving the governments of China, Japan, and the U.S., together with the arrest of an Ethereum Basis member.

Additionally learn: Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Selections

German Invoice Authorizes Banks to Deal in Crypto

A invoice has reportedly been handed in Germany permitting banks to promote and retailer cryptocurrencies for purchasers. Beginning in 2020, monetary establishments in Germany might be in a position to provide cryptocurrencies, together with bitcoin, alongside conventional investments comparable to shares and bonds. They’ll additionally present crypto custody companies to clients….

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