German bank Sparkassen will offer crypto investments to clients in 2022
German savings bank Sparkassen is ready to consider introducing cryptocurrency transactions for clients. The company's management will vote on this issue in early 2022.
The endorsement of this idea will allow all clients of the German bank to buy and sell digital currencies using regular savings accounts. They will be able to trade directly, bypassing exchanges and exchangers. With over 50 million customers at Sparkassen in branches across Germany, this is a big step forward for cryptocurrencies.
As the first economy in the European Union, this country is in no hurry to implement cryptoassets everywhere. Despite the regulatory loosening outlined in 2021, large German banks are in no rush to introduce crypto assets into their roadmap. Although there are clear positive shifts.
In July 2021, the German authorities allowed investment funds to invest 20% of their funds in digital currencies. This opened access to more than $ 400 billion in this area of investment assets.
If the savings bank Sparkassen takes the first step, it will set a precedent in the German cryptocurrency market. Other banks may follow Sberbank's example.
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