# Legal status of CFG Token with Centrifuge GmbH **URL:** \ **Category:** Uncategorized\ **Created:** [June 1, 2021, 10:42am UTC](https://gov.centrifuge.io/t/legal-status-of-cfg-token-with-centrifuge-gmbh/2224 "2021-06-01T10:42:01Z")\ **Posts on this page:** 1\ **Showing post:** 6
**Author:** ![Ritskes](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/ritskes/32/671_2.png) [@Ritskes](https://gov.centrifuge.io/u/Ritskes)\ **Post date:** [July 2, 2021, 8:48pm UTC](https://gov.centrifuge.io/t/legal-status-of-cfg-token-with-centrifuge-gmbh/2224/6 "2021-07-02T20:48:29Z")
Regulators tend to be very slow in regulating and understanding new technologies, especially with crypto. What is certain that the European Union has voiced a clear strategy concerning crypto. > **[Blockchain Strategy](https://digital-strategy.ec.europa.eu/en/policies/blockchain-strategy)** > > The EU wants to be a leader in blockchain technology, becoming an innovator in blockchain and a home to significant platforms, applications and companies. Also, Centrifuge has been funded by government bodies like the European Union. > **[Berlin and the EU support building the Centrifuge Chain with 1,4 Million €](https://medium.com/centrifuge/berlin-and-the-eu-support-building-the-centrifuge-chain-with-1-4-million-18636a81975c)** > > Centrifuge has been awarded with a 400k € grant and a 1 Million € subsidized loan from the IBB Berlin and ERDB There is a discussion on the matter right here: > [@Centrifuge and European Union](https://gov.centrifuge.io/t/centrifuge-and-european-union/1696): > > Hi Centrifuge community, I have stumbled upon an article written by one of the co-founders Martin Quensel ([https://medium.com/centrifuge/berlin-and-the-eu-support-building-the-centrifuge-chain-with-1-4-million-18636a81975c](https://medium.com/centrifuge/berlin-and-the-eu-support-building-the-centrifuge-chain-with-1-4-million-18636a81975c)) that Centrifuge team has received 400k EUR in grant and 1 Million EUR in loans from European Regional Development Fund. I had some experience with fund in question and the requirements to apply to this fund is no joke, not to mention that EU sends inspectors to oversee how … --- _[View the full topic](https://gov.centrifuge.io/t/legal-status-of-cfg-token-with-centrifuge-gmbh/2224)._