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Crypto-currency regulation in Germany may appear by 2023

According to Deutsche Bank, “the necessary regulation” of digital currencies can be introduced already in 2023

According to Markus Muller, head of the investment department of Deutsche Bank, the legal norms governing the crypto-currency market in Germany can be developed and approved in 5-10 years.

In addition, Mueller warned citizens against investing in virtual currencies, since, in his opinion, they are too speculative. Also, he urged local crypto-exchange companies to cooperate with the regulator.

Deutsche Bank still does not trust crypto-currencies

He believes that once safe conditions and the necessary level of trust are created, digital currencies can be viewed as different classes of financial assets and get internal value.

Masao Muraki, an analyst at Deutsche Bank, said that the lack of volatility in the traditional investment market made investors pay attention to more volatile assets – crypto-currencies, reports The Cointelegraph .

Earlier, the chief economist of the bank, Thorsten Slock, issued a forecast for 2018 , in which he identified Bitcoin as one of the most dangerous phenomena of the year

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Crypto-currency regulation in Germany may appear by 2023


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