German draft law on implementing digital securities

The German regulators continue to be at the forefront of regulatory innovation. With the release of its latest draft for the regulation of digital securities (“draft law on implementing digital securities”, which contains the draft law on digital securities called “eWpG-E”), German lawmakers add more detail to the previously introduced crypto custody license and generally provide more clarity surrounding the emerging digital asset ecosystem. Undoubtedly, digital securities will be a critical part in shaping the future of the capital market infrastructure and thus need to be regulated accordingly.