Germany on Chain: National Blockchain Strategy Released — Bitcoin Yes, Libra No

Blockchain on the agenda of German government and ministries

  • Are German companies out there that have a strategy for artificial intelligence? Yes, quite some of them.
  • Is Germany having a national AI strategy? Yes.
  • Is Germany having a blockchain strategy now? Yes, since today.
  • Are German corporations having a blockchain strategy? No, nothing that has become public so far.

Focus on finance, crypto assets, securities

  1. Securities on chain: starting with debt instruments (i.e., Schuldverschreibungen) as first experiments to de-materialize securities.
  2. Euro on chain: E-Money rules are mentioned and therefore “recommended” to get the Euro on blockchain systems. Read more here.
  3. “Traditional” crypto assets such as Bitcoin or Ethereum etc.: basically allowed for institutional trade under new yet-to-be-specified BaFin license. Read more here.
  4. Private stable coins such as Libra, gold-backed tokens: will probably be blocked.
  1. Securities: green light.
  2. Euro on chain: green light.
  3. Bitcoin & Co.: green light.
  4. Private stable coins: red light.
  1. Germany Harshly Regulates Crypto Assets as of January 1, 2020: What are the Best Strategies for Blockchain Startups, FinTechs, Banks, Exchanges and Industrial Companies?
  2. Priorities for Europe and Germany: Both, the Euro and identities should run on the blockchain

Broad array of single measures

Some interesting aspects

Missing aspects which would be much bolder

Conclusion

Further readings on some of these aspects:

Remarks

  • Blockchain knowledge: We wrote a Medium article on how to acquire the necessary blockchain knowledge within a workload of 10 working days.
  • Our two blockchain books: We have edited two books on how blockchain will change our society (Amazon link) in general and the everything related to finance (Amazon link) in particular. Both books are available in print and for Kindle — currently in German and soon in English. The authors have been more than 20 well-known blockchain experts in startups, corporations and the government from Germany, Austria, Switzerland and Liechtenstein — all contributing their expertise to these two books.
Our two books: the first one on blockchain and the society and the second one on blockchain and finance

Authors

--

--

--

Professor | Lecturer | Author | Investor | Frankfurt School Blockchain Center

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

FuturesChain: Have it All in One Ecosystem

PARSIQ Q&A #9

INSIGHT ON THE UMBASSADOR OF THE PROJECT

SecretDAO — decentralized autonomous organization (DAO) built on Secret Network

Smart Contracts And Their Mission. Part 2

Connecting your wallet to your own node

Q&A with LunArt

What is the Blockchain and How does it work Explained for the non-tech guy.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Philipp Sandner

Philipp Sandner

Professor | Lecturer | Author | Investor | Frankfurt School Blockchain Center

More from Medium

Digital Bearer Assets, aka, Crypto, and Why That Matters

IntoTheBlock signals are now available on WazirX

Canadian Police Seized $28B BTC from a Government Employee involved in Ransomware Attacks | Curated…

[PoW Round-Up] Mining revenue bounced back, Bitcoiners to meet in Miami