German policymakers are ramping up their efforts to integrate the blockchain and Bitcoin into its financial system.
Former Finance Minister Christian Lindner discussed three ways for Germany to compete in the industry: issuing bonds on the blockchain, creating a German Bitcoin reserve, and allowing Bitcoin ETFs into the European Union.
Germany previously controlled 50,000 Bitcoins seized from a pirated movie website, and the government sold them for over $2.8 billion. However, the price surged weeks later, highlighting the importance of having a Bitcoin policy.
German policymakers are now showing renewed interest in Bitcoin and considering implementing a Bitcoin program.