Is crypto allowed in Germany?|It aims to protect investors and preserve financial stability, while allowing for greater innovation in the crypto asset sector. It is expected to come into force by the summer of 2024. On a national level, although cryptocurrencies are legal in Germany, they are not considered legal tender or currency.
Could you please elaborate on the legal status of cryptocurrencies in Germany? It seems that while cryptocurrencies are legal, they are not recognized as legal tender or currency. Could you explain the reasoning behind this distinction? Also, could you tell me more about the upcoming regulations aimed at protecting investors and preserving financial stability? When is this expected to take effect, and how might it affect the crypto asset sector in Germany?
Is South Korea financially stable?
Could you please elaborate on the financial stability of South Korea? Are there any specific indicators or factors that suggest its economic resilience? Additionally, how does South Korea compare to other countries in terms of its financial health? Also, are there any potential challenges or risks that might threaten its financial stability in the future? It would be helpful to gain a deeper understanding of this topic.