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.
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.
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.
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.
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 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.
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.
The new government, which replaces former Chancellor Angela Merkel, is committed to digitalizing Germany, including allowing tokenized securities and digital euro.
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.
The German securities regulator has rejected an appeal from cryptocurrency exchange Binance to remove its warnings about the firm’s stock tokens.
The German financial regulator has reasonable grounds to suspect cryptocurrency exchange Binance of violating securities laws over its tokenized stock trading service.