Why can Germany buy Bitcoin (Why doesn’t Germany buy US Treasury Bonds)?
Why can Germany buy Bitcoin? German individuals can invest in digital currencie
Why can Germany buy Bitcoin? German individuals can invest in digital currencies through banks or financial institutions. Unlike other countries, Germany now allows people to purchase, send, and receive encrypted assets through e-wallets. According to federal laws, users must transfer funds from their bank accounts to their personal addresses to receive rewards. Those found guilty in court will be fined $5,000 and €300,000.
Furthermore, to prevent fraudulent activities, Germany also prohibits the use of credit cards, debit cards, or third-party payment methods to store customer information and other forms of encrypted products. These products are also subject to Germany’s anti-money laundering regulations. (Bitcoinist)
Why doesn’t Germany buy US Treasury Bonds?
According to a report released by the German central bank, the short-term yield on US Treasury bonds has skyrocketed to a historic high and set a record. However, Deutsche Bank, the long-term dollar-denominated bond of the Deutsche Bank, will not buy if bond prices drop significantly. The European Central Bank stated on Tuesday that its 10-year US Treasury notes will begin trading from November to early December, and investors should closely monitor the changes in correlation between the two in the future before considering a purchase. This indicates that the issue of remittances between the euro area and the United States is unavoidable and ongoing due to the Federal Reserve’s “extremely hard” stance and uncertainty about the future of the US government-supported monetary policy.
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