What is the background to the eWPG?
The development of a blockchain strategy to support the digital transformation of the economy was announced in the coalition agreement signed between the CDU/CSU and the SPD to form the government for the 19th legislative period of the German parliament (Bundestag) in 2018. A key measure contained in the Blockchain strategy subsequently issued by the federal government is the inclusion of electronic securities in German legislation. In 2019, the Federal Ministry of Finance (Bundesministerium für Finanzen – BMF) and the Federal Ministry of Justice and Consumer Protection (Bundesministerium für Justiz und Verbraucherschutz – BMJV) agreed on a Key-issues paper on the regulatory treatment of electronic securities and crypto tokens. On 3 June 2021, the Act on the Introduction of Electronic Securities was published in the Federal Law Gazette.
