Launched jointly with the custody provider Crypto Finance, the DBDX offers an ecosystem for crypto trading, settlement and custody for institutions.
Germany News
Germany, officially the Federal Republic of Germany, is a country in central-western Europe. Germany is a powerful country with a strong economy that is fourth in the world by nominal gross domestic product, or GDP. Germany has an evolving regulatory setup for crypto businesses overseen by Germany’s Federal Financial Supervisory Authority (BaFin). Assessment depends on the nature of tokens and involves laws like the German Securities Trading Act and MiFID 2 for financial instruments.
Section 1 (11) sentence 5 of the German Banking Act excludes certain items from being considered crypto assets, such as electronic money, limited network payment systems, specific electronic vouchers, and non-tradable electronic tokens in multipartner programs.
Germany is considered crypto-friendly and treats cryptocurrencies like Bitcoin (BTC) as private money under tax laws. Cryptocurrency transactions by individuals in the European Union, including Germany, are exempt from value-added tax (VAT). Short-term capital gains (held for less than a year) are subject to income tax at regular rates, capped at 45% plus 5.5% Solidarity Tax. Profits under 600 euro are tax-free. Assets held for over a year incur no tax liability. Long-term holdings, even if value increases, remain tax-free. Germany’s stance favors long-term investors, providing exemptions for small transactions and VAT, promoting a friendly environment for crypto enthusiasts.
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Microsoft continues its European investment spree by announcing a $2 billion investment in Spain to expand its AI and cloud infrastructure and build data centers.
3854The German Bundestag will host an educational Bitcoin event, and a pro-Bitcoin draft bill aims to make BTC legal tender in the country.
2074Over the next two years, Microsoft has pledged to invest the funds to boost AI infrastructure in Germany as Big Tech companies continue to pour into Europe.
2786Crypto Finance was bought by Deutsche Börse in 2021. Now it is likely to play a role in its planned institutional crypto exchange.
7895The approval on Feb. 2 came as France and Germany withdrew their objections to the AI Act.
5934According to the Saxony police, “a final decision has not yet been made about the utilization of the Bitcoin.”
9807Switzerland and Germany were hit hardest during the most recent trading week, but Canadian ETFs had the largest outflows in January, CoinShares’ data shows.
4918Humans tend to trust robots more when they speak our dialects, but there are exceptions, according to recent research.
4852Bitcoin’s futures premium indicates that the bullish momentum is no longer present, so is BTC price at risk of a trend reversal?
19364Volkswagen will launch cars with ChatGPT-powered assistants by mid-2024, allowing drivers and passengers to toggle functionalities such as navigation and temperature control through voice commands.
5123Blockchain tokenization provides an alternative means for SMEs to raise capital and liquidity while building diversified investment opportunities.
2674Amnesty’s secretary-general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act.
4079European Union lawmakers anticipate the arrival of the digital euro, but German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin.
6079The German bank Commerzbank is the first full-service bank in the country to receive a crypto custody license from local regulators.
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