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.
Deutsche Bank’s research arm issued a report predicting that cash will be around for a long time despite the surge of digital currencies.
Deutsche Bank: Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’
SBI will invest an undisclosed amount in Boerse Stuttgart Digital Exchange and Boerse Stuttgart Digital Ventures to drive crypto adoption.
SBI Partners With Stock Exchange Boerse Stuttgart to Drive Crypto Adoption
Berlin-based fintech company solarisBank has established a subsidiary, solaris Digital Assets GmbH, to provide a custody solution for digital assets.
German SolarisBank Opens Subsidiary to Provide Custody Services for Digital Assets
Russian blockchain platform Waves is launching Gravity Hub, a blockchain-agnostic protocol resolving the interoperability issue.
Waves To Launch Blockchain-Agnostic Interoperability Protocol
The Digital Exchange of the Börse Stuttgart (BSDEX) Germany’s second-largest stock exchange is now open to all users with German residency.
Börse Stuttgart Digital Exchange Opens to All Users Based in Germany
Next year, German banks could become legal custodians of Bitcoin and other cryptocurrencies, according to a new bill.
Germany: New Proposed Law Would Legalize Banks Holding Bitcoin
How to crypto
Crypto takes on Berlin, as Cointelegraph’s Joseph Birch lives on after using a crypto-backed debit card for a whole week.
2019: A Berlin Odyssey — 7 Days of Crypto-Living on ETH Debit Card