New law in Germany could open up to $415 billion in crypto investments

A new law in Germany could open up to $415 billion in cryptocurrency investments, further legitimizing the elegance of conversion assets and, in all likelihood, propelling the country to be among the top investment centers in Europe, CoinDesk reported for the first time.

The law, the German Fund Location Act, the special budget or “Spezialfonds” to invest up to 20% of your wallet in cryptocurrencies.

And if each special fund invested the maximum percentage allowed in virtual assets, that would equate to $415 billion, a figure calculated through Sven Hildebrandt, CEO of Distributed Ledger Consulting, according to the monetary magazine Boersen Zeitung.

Special budgets are investment cars that are basically used through institutions. Hildebrandt told Decrypt that about 4,000 existing investment budgets will be eligible.

“We are talking about the largest investment vehicle we have in Germany, literally everything is there,” he told Decrypt in April.

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