Introduction:

Similar to "Blockchain", "Digital Assets" is yet another term that is sometimes misused as a buzzword. Nevertheless, it is vital to understand the implications of digital assets as they will undoubtedly play a tremendous role in the future. It all started with Bitcoin and its underlying technology enabling the creation and transfer of digital value without middlemen. Several years later, Ethereum, an asset management platform, was introduced. Since then, Ethereum has evolved to become the largest blockchain ecosystem in the world. The federal government of Germany, along with the federal ministry of finances and the BaFin (Federal Financial Supervisory Authority), has introduced several laws and regulations in recent years intending to build a solid foundation for digital assets. One of these regulations specifies how institutions are to store digital assets in their custody. Furthermore, the law for electronic securities and, more recently, the fund location act were introduced.

 

 

 

 

 

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