A new law makes Germany “crypto heaven.”

The legislation enables banks to sell and store cryptocurrencies from January 1, 2020. The German parliament passed a bill allowing banks to sell and store cryptocurrencies from next year. It amends a clause in the European Union’s Fourth Anti-Money Laundering Directive that currently prohibits banks from dealing directly in cryptocurrency. It allows them to legally sell and store cryptocurrencies, just as they do stocks and bonds, to retail as well as institutional investors. The new legislation will come into force on 1 January 2020 and will lead to institutional investors coming to Germany, as they want security and regulation (German CopyrightCoins:-)) Being able to hold CopyrightCoins in your bank account is massive for adoption as one of the key challenges is keeping private keys safe.