German government sought to introduce a law that might end up driving startups "out of the market" state that the government had the opposite intention in mind. It wants to encourage mainstream adaption of cryptocurrency and blockchain technology , rather than leave the sector open to unregulated smaller firms.
German government controlled for the issuing of token license for smaller firm for the protection of investors and let the solid companies dominate in the market.
If every country can follow the path of Germany the would become completely different in thr future. Regulations are a must to stop scams and fraud, good thinking by the government of Germany.