Germany won’t tax digital currency held for 1 year
Most notably, the new laws stipulate that Germany will not impose a capital gains tax on the sale of BTC and ETH held for more than one year.
Latest Germany News
Germany’s Commerzbank seeks license for digital assets custody
If approved, Commerzbank, which has over 18 million customers and around 70,000 institutional clients, aims to serve as a digital currency exchange by offering custody and trading services.
European Commission receives 10,000+ comments on digital euro, most in opposition
The comment period has been open for just two weeks, but the comments have been piling up, with Germans dominating and most opposing the digital euro.
EU to give digital asset oversight to new AML regulatory body: report
Germany will lead the formation of the new body and it’s expected to start operations in 2024, including oversight over Bitcoin, which the watchdog believes is prone to crime.
Binance knowingly ignored AML, KYC checks and Changpeng Zhao knows it: report
A special report by Reuters has unearthed the rot at Binance, including how top execs made fun of anti-money laundering and Know Your Customer checks, and how Zhao led the flouting of laws.
Binance: Germany finds exchange’s potential links to Vienna terror attack
Binance founder Changpeng Zhao tweeted that while the exchange is being linked to the bad guys, the bank is not, even though they use the “same or stronger” AML tools as banks.
More investments in digital assets expected as German legislation encourages interest from DACH investment funds
Scientists from MINDSMITH, OnGrid System, DEKIS, and Tiger.Trade carried out a study regarding investment funds, digital assets, and DeFi solutions, coinciding with the new German Fund Location Act.
Germany’s new government to fully support digital currencies and blockchain
The new government, which replaces former Chancellor Angela Merkel, is committed to digitalizing Germany, including allowing tokenized securities and digital euro.
BitWelt in hot water with German regulators over unauthorized services
BaFin has announced that it’s investigating BitcoinWelt, a company that offers CFDs and forex trading services, which it said is not authorized in Germany.
BaFin rejects Binance pleas as stock token delisting deadline looms: report
The German securities regulator has rejected an appeal from cryptocurrency exchange Binance to remove its warnings about the firm’s stock tokens.
German financial regulator suspects Binance offering ‘violates securities laws’
The German financial regulator has reasonable grounds to suspect cryptocurrency exchange Binance of violating securities laws over its tokenized stock trading service.
Germany’s federal bank tests blockchain payment system sans CBDC
The test bridges the gap between mainstream finance and blockchain technology without relying on a central bank digital currency.