The coalition agreement between SPD and CDU/CSU was negotiated today. But what does this mean for the future of blockchain technologies and crypto currencies in Germany? We searched the paper for buzzwords.
In the early morning hours of today’s Wednesday, the time had finally come: the two major popular parties CDU/CSU and SPD could finally agree on a joint coalition agreement after rounds of negotiations lasting days and nights – a minimum compromise, as many find. While today’s news was dominated by reports on the division of responsibilities, it is also worth taking a look at the details that made it into the coalition agreement. We have examined the contract once for the topics Blockchain, Distributed Ledger Technology and crypto currencies and compiled what the new government intends to do in this area.
The Digitization Chapter of the Bitcoin loophole
In Part IV „Offensive for Education, Research and Digitisation“, the word Bitcoin loophole blockchain appears for the first time in the chapter „Digitisation“. The topic there is „Digital Competences for All Citizens“: „We need a training and research offensive in all areas of digitisation. We consider innovation, digital sovereignty and interdisciplinarity to be particularly important. We want to further strengthen the focal points of microprocessor technology and IT security. In addition, there are other research priorities such as artificial intelligence, data science, digital humanities and blockchain technology, robotics and quantum computing“.
The next mention of blockchain and crypto currencies can be found in the same chapter on „Competitive Economy“:
„In order to tap the potential of blockchain technology and prevent abuse, we want to develop a comprehensive blockchain strategy and advocate an appropriate legal framework for trading in crypto currencies and tokens at European and international level. The possibilities of cashless payment are to be expanded in the digital age. Anonymous payment with cash must continue to be possible“.
Also in this chapter, the blockchain plays a role in the topic „On the way to digital administration“
„In the Federal Government, we will test innovative technologies such as distributed ledgers (blockchain), so that a legal framework can be created on the basis of this experience. The chapters Economy and Finance and Taxes: The next mention of the word blockchain will only take place again in Part VI „Successful economy for tomorrow’s prosperity“ in the chapter Economy. The topic „Industry“ is called it:
„We want to continue and expand the existing technology programs for application-oriented research to promote digital cutting-edge technologies such as quantum computing, robotics, autonomous systems, augmented reality (3D virtualization), blockchain, visible light communication and smart home.
In the chapter on finance and taxes, the statement made in Part IV of the chapter on digitisation on the subject of „Competitive economy“ is repeated verbatim in the chapter on „Financial markets and digitisation“.