German Institutional Funds Will Be Able to Invest Hundreds of Billions of Euros in Crypto Starting from Next Week
Aug 2, 2021
German institutional funds (Spezialfonds) will be able to put up to a fifth of their portfolios into cryptocurrencies starting from next week, Bloomberg reports.
This will be possible because of the Fund Location Act that will come into effect on Aug. 2.
The new law is supposed to make Germany more attractive for investments on the global scale as it continues to fall behind such European countries as Luxemburg and Ireland because of existing barriers.
