German law which allows financial companies to invest in cryptocurrencies has entered into force.

For the first time in Germany, a bill allowing certain corporate funds to invest in large cryptocurrencies was launched on Monday, August 2. The law allows so-called "bonuses" with stable market rules to invest up to 20% of their assets in Bitcoin and other crypto assets.

Silver currently manages around 1.8 trillion euros ($ 2.1 trillion) in assets, which means it could invest up to 360 billion euros in the cryptocurrency industry. .

However, Tim Kreutzmann, cryptoassets expert at German financial services agency BVI, said: “Most currencies will start to hold well below 20%. in cryptocurrencies. "

Experts also believe that the cryptocurrency exchange has always been very positive, which could make cryptocurrencies unsatisfactory for German investors. It is estimated that the funds will try the cryptocurrency at a low level and generally not be near the 20% cap for at least five years.

Deutsche Bank, the wealth management firm, DWS, said it is monitoring the situation well, but has no plans to raise funds for cryptocurrency purchases at this time. DekaBank, one of Germany's largest property managers, said he was considering investing in digital services but had yet to make that decision.

However, there is news confirming the development of cryptocurrencies in Europe.

In Germany, Singapore, South Africa, United Arab Emirates, United Kingdom, United States, France, Hong Kong, Sweden and Norway, a study by European technology company Deep Guardtime has surveyed 902 people aged 20 and over. 18. According to the study, 64% of adults can use digital currency created by central and government banks, 33% most likely use it, and only 10% of people responded that they would not use it. Central Bank Digital Currency (CBDC). Guardtime has partnered with several banks around the world to explore digital currency development and conduct research to support CBDC savings exchange and digital currency payroll operations.

These factors indicate the development potential of cryptocurrencies in Europe.

According to recent news from Golden Financial, 21Shares, the cryptocurrency ETP advertiser, has partnered with German online brokerage firm Comdirect to introduce its cryptocurrency ETP into Comdirect's Spar plan. 11 of 21Shares' ETP products currently listed in Germany can be obtained free of charge on the Comdirect platform.

It also represents the understanding and thinking of many cryptocurrency investors.

For example, a recent survey by London-based cryptocurrency fund Nickel Digital Asset Management found that money managers, asset managers, and investors who already have cryptocurrency are willing to hold it. 82% of 100% of entrepreneurs and asset managers surveyed plan to increase their investment in digital assets by 2023. 40% of respondents say they "should increase their stakes", 7% say they plan to reduce their holdings, and 1% say they plan to sell all of their bars.

As a reason for their investment, 58% of respondents said the main reason for increasing their investment in digital assets was the prospect of long-term growth. About 38% of those polled requested more confidence in their assets with some impact on crypto assets, and 37% believed that the finance leadership of larger, original companies had invested in crypto assets as an additional investment.

The study was conducted online in May and June and interviewed 50 asset managers and 50 companies in the US, UK, France, Germany and UAE that were previously affected by assets. cryptographic that I was doing.