Crypto in Germany Goes Mainstream

Germany has recently enacted groundbreaking legislation that observers say has the potential of mainstreaming crypto investments. The law that had been in the works since April this year came into force on July 1, 2021. It allows select institutional funds to allocate part of their portfolio to digital assets. In the law targeting the 'Spezialfonds,' firms can structure their capital to include an up to 20 % allocation in crypto. Currently, the special funds manage assets worth approximately $2.1 Trillion.…