German government: New paper on blockchain, CBDC & Libra

It seems that there is currently a crypto bull market. In any case, Bitcoin appears to be on its way to a new all-time high and now stands at around 18.000 US dollars. Anyway, blockchain technology is currently attracting a lot of attention. No wonder, then, that the question of regulating crypto-values or crypto assets is again moving more into focus. But blockchain is also playing an increasingly important role on other levels, be it in the discussion about Libra or central bank money. The German government is also following the technology closely. Now it has once again made a comprehensive statement on the subject of blockchain.

In a parliamentary question (Bundestags-Drucksache 19/24088), the German party FDP asked the federal government about the subject of “crypto-assets.” Background: The European Commission has submitted a draft regulation on crypto assets. The code regarding “Markets in Cryptoassets” (“MiCA”) would be one of the most comprehensive rules for digital assets. In this context, the German government has commented on several exciting topics.

The core question is: How many cryptocurrency-related enterprises already applied for and gotten permission from the Federal Institution for the supervision of financial service (BaFin) after knowledge of the Federal Government?