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Could Germany’s Bitcoin Push Set A New Standard In Digital Currency?

  • 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.

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