In terms of domestic mining, Kucoin estimated last month that 16% of Germans aged 18 to 60 owned or traded cryptocurrency in the previous six months. The United States ranks third overall. Forty-one percent of investors intend to increase their investments in the near future. In December, the German publication Capital revealed an attempt to provide a cryptocurrency wallet. The stock exchange operator in Germany, Deutsche Boerse, has listed more than 20 crypto exchange-traded instruments.
Germany attained fourth place in the world rankings last year. As a result, it has surpassed the rest of the world. Singapore, for example, was ranked first prior to the government’s restrictions on virtual asset service providers crypto services and Bitcoin ATMs, but dropped to second place.
The steps taken demonstrate institutional acceptance and Germany’s bright future in crypto. Coincub conducted a study in which they rated 46 countries based on various factors such as initial coin offerings, fraud prevention measures, and crypto courses offered by educational institutions in each country.
The country’s pioneering decision to include crypto investments in a large portion of its domestic savings was one of the most important considerations for the throne.
Read more:
Germany replaces Singapore as “Most Crypto-Friendly Country” in Q1 of 2022: Report
