A new nationwide federal digital currency and blockchain lobby group called the ‘Blockchain Bundesverband’ will support Blockchain assets like bitcoin and Ethereum – The German Federal Blockchain Association.
In The constitutional and legislative body German Bundestag, Germany’s parliamentary building in Berling on Thursday – the new association was born. It was open for a number of attendees with invitations sent to German members of parliament to attend.
“Blockchain will be the basic technology for the next innovation stage of the Internet, and Germany has a chance to put itself at the forefront of the world through pioneering regulation. The Federal Association is to help seize this opportunity” – official release
- Among the many agreed-upon objectives laid out by the association, a notable goal is to see at least one public register over a blockchain put to test in the real world.
The launch of the federal association comes at a time when the president of Germany’s central bank has been making some noteworthy comments on blockchain technology and digital currencies. Earlier in March, Bundesbank president Jens Wiedmann, whilst speaking at a G20 conference, claimed the digitization of financial services could see benefits from blockchain technology. However, Wieldmann was also quoted as stating that digital currencies like bitcoin could ‘worsen’ financial crises in the future. He further added, in his opinion, that instant bank payments would put an end to the public’s interest in digital currencies.