Recently, the German Federal Government stated that, compared with the scale of the global financial system, the volume of cryptocurrency assets transaction is relatively low and cannot pose a serious threat to the current financial system. However, the German government believes that the development of the cryptocurrency industry should be strictly monitored based on the G20 level. The German Federal Government also pointed out that the German Federal Financial Supervisory Authority (BaFin) needs to make authorization for cryptocurrency transactions. At the same time, they also consider it necessary to implement unified supervision on a global basis. The International Monetary Fund (IMF) released a report in April this year, which also believes that cryptocurrency will not pose a threat to global financial stability; This is consistent with the views of the German government.