Germany Set To Introduce Crypto-Asset Licensing Regime

German lawmakers are set to approve a new regulatory framework for crypto-asset firms, handing a boost to the nascent sector by dropping earlier plans over business segregation and capital requirements.

The Bundesrat, the federal parliament’s upper house, is due today to review legislation transposing the EU’s 5th Anti-Money Laundering Directive (5th AMLD) into national law. The bill has already been approved by elected officials in the Bundestag.

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