German Government Consults Industry About Blockchain Technology

The German government is consulting companies and industry groups that could become stakeholders in the country’s blockchain development, Reuters reports on Feb. 18.

The unnamed companies and groups have reportedly been invited to supply recommendations from this week onwards. Reuters also cites unspecified government sources saying that it is still unclear if those recommendations will translate into regulation in the near future, but concrete results are currently being sought.

According to the article, about 170 startups in Berlin are involved with blockchain or distributed ledger technology (DLT), and startups in the space “have said that without a legal framework, there are high entrance hurdles.”

As Cointelegraph reported in January, a major global secur