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Germany's Blockchain Strategy

Ger­many’s Blockchain Strat­e­gy

The Ger­man Fed­er­al Min­istry for Eco­nom­ic Affairs and Ener­gy has released the nation­al blockchain strat­e­gy for the token econ­o­my. The strat­e­gy sets gen­er­al con­di­tions on inno­va­tions that are based on blockchain tech­nol­o­gy — one of their aims to expand Germany’s lead­ing posi­tion in this sec­tor. Due to the speed of inno­va­tions in this sec­tor, the strat­e­gy is set to be a “learn­ing-strat­e­gy” which will peri­od­i­cal­ly be con­trolled and adjust­ed as nec­es­sary. Some of the prin­ci­ples that were set out are: to pro­mote invest­ment, inno­va­tions and fur­ther main­tain Germany’s equi­lib­ri­um and safe­guard­ing of its finan­cial sys­tem.

Elec­tron­ic Secu­ri­ties, Token & Ser­vices

To uti­lize the poten­tial of blockchain tech­nol­o­gy, the Ger­man Fed­er­al Min­istry of Eco­nom­ic Affairs and Ener­gy has set out sev­er­al actions that are to be car­ried out until 2021. The most impor­tant ones for the tok­eniza­tion sec­tor are list­ed here:

  • The Fed­er­al gov­ern­ment aims to enable Ger­man law for elec­tron­ic secu­ri­ties, ini­tial­ly restrict­ed to debt secu­ri­ties. Once their debt secu­ri­ty pilot runs suc­cess­ful­ly, the Fed­er­al gov­ern­ment will tar­get dig­i­tal shares and invest­ment fund shares as the fol­low­ing step.
  • The Fed­er­al gov­ern­ment aims to pub­lish a bill to reg­u­late spe­cif­ic pub­lic cryp­to-token offer­ings. The bill includes the pub­li­ca­tion of an infor­ma­tion sheet in accor­dance with legal require­ments autho­rized by the BaFin. The bill is planned to be pub­lished lat­er this year.
  • Anoth­er announce­ment they made is that the Fed­er­al gov­ern­ment is firm­ly against Sta­ble­coins becom­ing an alter­na­tive to the Euro.
  • Sev­er­al dif­fer­ent sec­tors will receive fund­ing and cer­tain pilot pro­grams, one of which being the project “Sealed­Ser­vices”, which devel­ops and pro­to­types inno­v­a­tive ser­vices and busi­ness mod­els.

 

As a reg­u­lat­ed enti­ty, BMCP GmbH is wel­com­ing Germany’s strate­gic blockchain changes. We are curi­ous about how the strat­e­gy will adapt to the finan­cial sec­tor in the near future.