The German government has passed a formal law allowing institutional investors to officially purchase Bitcoin and other cryptocurrencies, directly from the open market. Digital assets must be displayed on the balance sheet and account for no more than 20% of total investments.
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Starting next week, a flood of institutional investments could follow from Germany. On Monday, Aug. 2, a law comes into force that allows German institutional investors - in the Spezialfonds category - to invest in bitcoin (BTC) and other cryptocurrencies.
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