Germany’s “Fund Location Act” Allows Funds To Allocate Up To 20% Of Their Assets In Bitcoin and Other Crypto Assets

Germany is moving swiftly to legitimize crypto assets. With the passing and introduction of the Fund Location Act a few months ago, a new milestone has now been reached. This new regulation allows specific funds (open-ended domestic special AIFs with fixed investment terms) to allocate up to 20% of their assets under management in crypto…