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051219 germanbirjaSince 2020, German banks will receive the right to store bitcoin and process cryptocurrency transactions. This was reported by local media and clarified that at the moment German banks do not have the right to provide such services to customers. The bill on the legalization of Bitcoin transactions has already been approved by the country's parliament - the Bundestag. In the near future, this document will be submitted to the authorities of 16 German regions. It was edited in accordance with the requirements of the fourth directive of the European Union on the fight against money laundering. The German crypto community was enthusiastic about the news that appeared. For example, Sven Hildebrandt of Distributed Ledger Consulting (DLC) emphasized: Germany is on its way to becoming a haven for the cryptocurrency industry. German lawmakers play an innovative role in regulating cryptocurrencies. If the regional authorities support the bill, then the citizens of Germany will be able to store in banks not only bitcoin and ether, but also other cryptocurrencies. The Association of German Banks also welcomes the decision of the Bundestag. The organization noted that the penetration of financial institutions into the cryptosphere will create conditions for increasing the transparency of this market.

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