The German government has passed a law that for the first time explicitly intervenes in the crypto trade. The observers see the possibilities, but also express criticism. Will it be possible to obtain Bitcoins from the house bank in the future? At least this scenario has become more likely: Banks and start-ups get more legal security if they offer their customers trading and wallets for crypto currencies.

According to the law, cryptosecurities include all crypto currencies and other digital securitizations such as tokens. But consumers can also benefit from the change in the law. In future, they will be able to entrust their crypto assets to a provider that is under the supervision of the Federal Financial Services Authority.

The new regulation will cover companies that operate the “safekeeping, management and protection of private cryptographic keys”. Although banks have already been allowed to trade in cryptographic values, this has now been legally confirmed.
This is also helped by the fact that the Finance Committee of the Bundestag has deleted the controversial so-called separation requirement in the Finance Ministry’s draft bill. According to this, companies and banks would only have been allowed to operate the crypto custody business if it had been their only business model.