GERMANY TO ISSUE CRYPTO REGULATIONS ON JANUARY 1 2020

[cryptoxrp]

“CRYPTO-ASSETS ARE NOW FINANCIAL INSTRUMENTS”..... so German banks will be legally holding crypto (XRP) in 2020... nice

Source:  https://bitcoinist.com/germany-to-issue-crypto-regulations-on-january-1-2020/   (repaired)

Edited December 19, 2019 by cryptoxrp

[Danny]

14 hours ago, cryptoxrp said:

“CRYPTO-ASSETS ARE NOW FINANCIAL INSTRUMENTS”..... so German banks will be legally holding crypto (XRP) in 2020... nice

Source: ‪https://bitcoinist.com/germany-to-issue-crypto-regulations-on-january-1-2020/‬

@cryptoxrp I did read about it, sounds interesting. 

Edited December 20, 2019 by Danny

[cryptoxrp]

33 minutes ago, Danny said:

@cryptoxrp I did read about it, sounds interesting. Your hyperlink contains a hidden error.

Tnx, I’ll try to repair it 

[Danny]

11 hours ago, cryptoxrp said:

Tnx, I’ll try to repair it 

Will banks in Germany be holding crypto in 2020? What do you think? Are you german?

[cryptoxrp]

8 hours ago, Danny said:

Will banks in Germany be holding crypto in 2020? What do you think? Are you german?

I am Dutch and the Germans are our neighbours, their economy is the biggest of Europe. For German banks being allowed to own crypto tokens for payments is a game changer that will be interesting to watch.

Personally I believe that any bank will want to hold crypto assets and that regulation will be the ‘magic switch’.

[WarChest]

52 minutes ago, cryptoxrp said:

I am Dutch and the Germans are our neighbours, their economy is the biggest of Europe. For German banks being allowed to own crypto tokens for payments is a game changer that will be interesting to watch.

Personally I believe that any bank will want to hold crypto assets and that regulation will be the ‘magic switch’.

I have read that German banks are in trouble? If so Is this being rushed in to protect them in some way?

[Danny]

46 minutes ago, WarChest said:

I have read that German banks are in trouble? If so Is this being rushed in to protect them in some way?

Deutsche Bank's adjusted vision statement does emphasize innovation and going digital. Their ambition is to be a leader in that area.
https://www.db.com/company/en/digitalisation.htm?kid=digitalisation.redirect-en.shortcut

@cryptoxrp Ok interessant punt.

Edited December 20, 2019 by Danny

[cryptoxrp]

17 hours ago, WarChest said:

I have read that German banks are in trouble? If so Is this being rushed in to protect them in some way?

Could be because their share price is ‘rockbottom’ at the moment. They must be in serious trouble. I wouldn’t be surprised to see some sort of bail-in.

It could be that the Deutsche bank will want to liquidate their vostro accounts (abroad) for the benefit of creating a healthier cash position at home. Ripplenet with XRP will be the ‘go to’ solution for such a technical adjustment.

Edited December 21, 2019 by cryptoxrp