...It wants to encourage mainstream adaption of cryptocurrency and blockchain technology , rather than leave the sector open to unregulated smaller firms.
That actually sounds not too bad to me? Maybe this will be a time regulation can be a GOOD thing
theres no doubt SOMETHING needs to be done, crypto will never be mainstream till it has SOME form of consumer protection, and this could be a step towards that?
If anywhere CAN do it, it could be Germany, they are good at regulating things generally imo. Japan is the best at crypto-regulation things, but Germany maybe can do it