The executive branch of the German government, the Cabinet of Germany, has announced its blockchain strategy will be introduced by mid-2019.

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The statements were released after parliamentarians in the Bundestag requested information regarding the development of fintech in Germany.

The documents states sandbox systems are currently in place testing potential blockchain use cases in five member states of the European Union including the United Kingdom, Denmark, Lithuania, the Netherlands, and Poland.

The Cabinet will begin an online consultation development before announcing their official plans for using blockchain.

The Ministry of Finance and the Ministry for Economic Affairs and Energy are arranging the new blockchain strategy, anticipating more ministries to contribute at a later time.

In January, Boerse Stuttgart Group, Germany’s second largest stock exchange, launched a cryptocurrency trading app, allowing customers free-of-charge trading for bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).

Global securities marketplace, Deutsche Boerse stated they were “making significant progress” on a blockchain-based securities lending platform.

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