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.
Cointelegraph looked into the six major German political parties and found out what to expect from the new government in terms of its crypto regulation.
Germany’s 2021 election: What do parties think of crypto and blockchain?
Germany joins countries such as France, Luxembourg, Spain and Portugal by greenlighting the Bitcoin-based EXOeu token.
Bitcoin-based security token offering approved in Germany
Deutsche Boerse-operated exchanges such as Eurex and Xetra continue moving into the crypto derivatives market.
Deutsche Boerse-owned Eurex debuts Bitcoin futures trading
German funds and asset managers are expanding their horizons on crypto investments now that the nation has more favorable laws governing Spezialfonds.
German asset manager Union Investment seeks BTC exposure for several funds
Switzerland-based financial firm Leonteq has launched an investment suite of 18 crypto assets with an inherent focus on institutional investors throughout Germa...
Fintech company Leonteq expands crypto offerings in Europe
While people are waiting with bated breath on how the SEC will regulate the DeFi industry, Germany's BaFin has already found a way.
What the SEC can learn from the German regulator
Originally specialized in currency and securities printing, Giesecke+Devrient has been increasingly working with central banks like the Bank of Thailand in pilo...
Bank of Ghana to pilot CBDC with German securities printing firm G+D