The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.”
Three German political parties agreed to a coalition deal this week that will see left-leaning Social Democrats (SDP), the Green Party and the right-friendly Free Democrats (FDP) take the reins from December this year.
According to a rough translation of the 177-page agreement published on Nov 24, the coalition calls for a new “dynamic in relation to the opportunities and risks from new financial innovations” such as crypto assets and blockchain businesses:
“We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models.”
“We need joint European