Germany, officially the Federal Republic of Germany, is a state in central-western Europe. Germany is a power country with a strong economy that is fourth in the world by nominal GDP. In Germany, cryptocurrency is not just a product, but is absolutely a legal tender, with an order by the Federal Ministry of Finance that allows making purchases with digital currencies without taxation, since virtual currency is considered an equivalent to fiat. It is not like in the USA, where digital currencies are deemed to be electronic assets subject to a tax on capital gains. In Germany, cryptocurrency regulation and taxation policy creates a good environment for setting up new businesses related to Bitcoin.
Clearing regulatory hurdles is important for forward-leaning jurisdictions that aim to attract the most innovative firms.
Why we need evolutionary, not revolutionary, regulatory initiatives
Blockchain regulation continues to increase and it isn't likely to slow down any time soon.
Owning a Bitcoin ATM is about to get a lot harder in Germany
The Vienna Stock Exchange and the Singapore Exchange are warming up to cryptocurrency.
Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum
The arrival of digitized securities is one of the core aspects of the federal government's blockchain strategy, German authorities say.
New Bill in Germany Proposes to Digitize Securities With Blockchain
One of the main operators of the now-shuttered streaming site movie2k.to has forfeited over $30 million worth of crypto to German police.
German Police Seize $30M in Crypto From Streaming Site Operator
The alleged dealers involved in Germany’s largest Bitcoin-enabled darknet narcotics marketplace will stand trial today.
Germany: Alleged Darknet Druglords on Trial for Bitcoin Narcotics Trade
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus.
Mastercard Exec Reportedly Linked to Suspect Transactions at Cyprus Bank