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New German government cites crypto in coalition agreement
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The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.”
Three German political parties agreed to a coalition deal this week that will see left-leaning Social Democrats (SDP), the Green Party and the right-friendly Free Democrats (FDP) take the reins from December this year.
According to a rough translation of the 177-page agreement published on Nov 24, the coalition calls for a new “dynamic in relation to the opportunities and risks from new financial innovations” such as crypto assets and blockchain businesses:
“We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently
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