Germany’s Centre Right Alliance CDU/CSU Wins Most Seats in Election
Germany's Centre Right Alliance (CDU/CSU) won the most seats in the recent parliamentary election, securing 28.52% of the vote. The far-right Alternative for Germany (AfD) followed with 20.8%. No party gained a majority, necessitating coalition formation.
Key points:
- Mark Foster from the Crypto Council for Innovation anticipates that the CDU/CSU will support the EU's digital innovation strategies.
- Foster expects continuity in digital assets policy and the digital euro, with a possible increase in competitiveness and job growth.
- The recent election had minimal impact on the crypto sector in Germany.
- Germany, as the EU's largest economy, recently passed legislation to comply with the EU's Markets in Crypto Assets framework.
- MiCA licenses have been processed despite the delay in legislation implementation.
- No significant changes are expected in the enforcement of existing EU laws moving forward.
The newly elected parliament will soon vote for the next chancellor.