The Ministry of Finance (BMF) of Germany has updated its crypto policy. According to new rules, the sale of bought digital assets like bitcoin and eth won't be taxed if held longer than a year. It is the first time that Germany issues a nationwide uniform and instructions on cryptos. In addition to...
One of the largest banking concerns in Germany, Commerzbank, has sent an application to BaFin for a license for a cryptocurrency custodian. Börsen-Zeitung writes about this concerning a representative of a credit institution. According to the announcement, if approved, Commerzbank will also be...
The German Federal Criminal Police has confiscated the German servers of the Hydra darknet marketplace. As part of the international operation, 543 BTC were also seized with a total value of about 23M euros. An investigation is ongoing into previously unknown Hydra operators and administrators....
According to a recently published report by crypto exchange KuCoin, almost half of Germans are actively investing in digital assets. It is noteworthy that among the Germans, interest in cryptocurrencies did not decrease even after the virtual currency market showed a drop in prices for most coins...
The German authorities periodically urge citizens of the country not to invest in digital currencies. Regulators point to bitcoin's volatility and warn people that they could lose their money. However, the results of sociological surveys show that the Germans, on the contrary, continue to massively...
Olaf Scholz, the newly elected Chancellor of Germany issued a serious warning on Bitcoin and cryptocurrencies. According to an article published by Forbes, Scholz compared the growth of the crypto market to the 17th-century tulip mania of Holland. At the time, the value of tulip bulbs was extremely...
Amid the growth of the cryptocurrency market and the increasing demand for NFTs, many investment funds have expanded their portfolios for clients, allowing them to invest in digital assets. So, for example, in Germany, Union Investment intends to add BTC to the portfolios of its institutional...
Germany makes a move towards crypto adoption. The country enables funds aimed at institutional investors to put up to 20% of their capital in various digital assets. However, managers should adopt a cautious approach taking into account that the asset class is ultra-volatile. The option will be...
On July 1, a law came into effect in Germany, giving the right to investment funds to invest in products focused on the cryptosphere. In theory, more than € 400 billion could be channeled into digital assets. The law allows institutions to channel up to 20% of their capital into innovative...
Bitcoin exchange Coinbase, listed on the Nasdaq, has received permission to provide crypto custody services in Germany. That is stated on the website of the country's Federal Financial Supervision Authority (BaFin). According to the announcement, the German subsidiary of Coinbase Germany GmbH is...
Greifswald-based software developer Moritz Schmidt donated € 1 million (approximately $ 1.2 million) to the Green Party in Germany (Die Grünen). This is the largest translation the party has ever received in one go. Schmidt earned this amount from cryptocurrency trading. “The investor made it...
Many European countries periodically inform their citizens about the risks of cryptocurrency investments. EU regulators are also urging people to stay away from Bitcoin and other digital currencies. Recently, the EU Securities and Markets Authority released a report in which it noted that investors...
According to the German Federal Financial Supervisory Authority, more than 40 banks are interested in obtaining a license for crypto depository services, reports Handelsblatt. On January 1, 2020, the updated Anti-Money Laundering Law entered into force, which requires a license to provide customers...
The Waves posted an announcement on February 3, where the platform stated it creates a nonprofit organization named the Waves Association in Frankfurt, Germany, to effectively manage its Web3 ecosystem and promote the construction of DLT. The new-founded Association is going to be stewarded by ten...
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