Germany set to adopt a comprehensive blockchain strategy

German government details plan to leverage a blockchain strategy, to boost digital transformation in the economy.
International allies are keen to prevent stablecoins from becoming alternative currencies.

Ken Chigbo Independent Analyst

The German government are readying to the adoption of a comprehensive blockchain strategy, according to a government document. They are aiming to boost the digital transformation of the economy in addition to fighting off abuse.

European and international allies will be part of the german government liaisons, with the joint aim at preventing stablecoins from becoming alternative currencies.

Furthermore, the German government is proposing legislation this year, in order to allow blockchain-based electronic bonds.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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