The blockchain regulation in Germany will get a "overall strategy " and " Legal Advocacy " According to a press release issued by the Blockchain Bundesverband on Wednesday, February 7, the government launched a new call for legitimacy.

A report of a consultation involving lawmakers and the Blockchain Bundesverband pressure group highlights a positive future for technology, with the group describing how the government "welcomes the". Industry Blockchain. "

Bundesverband sums up Wednesday:

"Lack of legal framework for ICOs and other token launches continue to be a major hurdle for many start-ups in Germany, but only if Germany and the EU can quickly make up for this technology will be able to establish itself sustainably in Europe. "

Germany took a long time to develop a meaningful and robust approach to the emerging phenomenon of Blockchain. The Bundesverband was developed as a direct solution to the lack of progress, asserting its mission to propagate "Decentralized Infrastructure" when it was founded in the German parliament in June 2017.

In addition to highlighting the areas that the government now wants to address in terms of regulation, the report also notes what is yet to appear for Blockchain to be a success in the German economy.

"What's missing? Sandboxing opportunities need to be created specifically for the dynamic blockchain area, so that new ideas can be tested without artificial obstacles." keep on going.