Germany’s Finance Committee Rejects Bid to End Crypto Tax Exemption

Germany's Finance Committee rejected the Green Party's bid to end the one-year crypto tax exemption, keeping the rule for Bitcoin and other crypto assets intact. The post Germany’s Finance Committee Rejects Bid to End Crypto Tax Exemption appeared first on BeInCrypto.

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Germany may end tax break on one-year crypto holdings

Germany's potential crypto tax reform could deter long-term investors, impacting its status as a crypto-friendly hub and affecting market dynamics. The post Germany may end tax break on one-year crypto holdings appeared first on Crypto Briefing.

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Germany's Commerzbank and DZ Bank To Offer Bitcoin and Crypto Trading

Germany's two large banks, Commerzbank and DZ Bank, are launching Bitcoin and crypto trading services amid growing demand.

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Coinbase Becomes First Company To Secure Crypto Custody License In Germany

Germany's Federal Financial Supervisory Authority, also known as BaFin, has given crypto exchange Coinbase the license to run its crypto custody business in the country. This makes Coinbase the first company authorized to provide crypto custody services in Germany according to the updated regulations.

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Germany Opens Floodgates to Bitcoin Investing

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Coinbase Gets BaFin Approval for Crypto Custody Business in Germany

Coinspeaker Coinbase Gets BaFin Approval for Crypto Custody Business in Germany With the BaFin license, Coinbase expects to localize their services and further advance them all over Germany.

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Coinbase secures first crypto licence in Germany

Learn about working at Coinbase: https://www.coinbase.com/careers - Medium

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Coinbase Gains Approval to Offer Crypto Custody Services in Germany

Coinbase has become the first exchange to get a cryptocurrency custody license from BaFin according to updated regulations. The post Coinbase Gains Approval to Offer Crypto Custody Services in Germany appeared first on BeInCrypto.

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Germany’s financial watchdog approves crypto custody license for Coinbase

Since January 2020, all crypto firms operating in the German market have required BaFin approval.

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Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe

Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.

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Coinbase Receives 4,000 Disclosure Requests From Government Agencies In 2020

The US-based crypto exchange Coinbase received 4,227 requests from government agencies around the world, in which they asked Coinbase to disclose information on client accounts. Most of them came from the USA, UK and Germany.

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Wealthfront Allows Clients to Invest in Crypto; Germany Passes Legislation on Spezialfonds to Allocate 20%

Wealthfront is the latest one to start allowing its clients to invest in cryptocurrencies later this year. The US digital wealth manager with $16 billion in assets under management said starting this week; users will be able to build their own portfolio from a range of ETFs vetted by their team.

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You may face a $5 million fine – German’s regulator tells Binance

Germany’s financial regulator BaFin has warned crypto exchange Binance against offering security-tracking tokens without laying out an investor prospectus. The financial watchdog published a note on its website on Wednesday.

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Germany's financial regulator issues retail crypto investment warning

German financial regulator BaFin wants retail investors to be aware of the risks associated with crypto investments, especially in the current bull market.

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German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country

Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody services.

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Germany’s Biggest Bank to Offer Crypto Custody Services

Germany’s largest bank, Deutsche Bank AG is working on offering crypto custody services, a WEF report says. The report details the plans of the bank to become a custodial services provider for institutional investors because of the growing interest from this group of investors.

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Swiss Bank to Start Market Making Bitcoin ETPs, Taps Specialists

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Germany Takes Over FATF Presidency With New Guidance on Crypto Standards

The Financial Action Task Force (FATF) has a new president as Germany took over the presidency from China. The intergovernmental organization also highlighted the need for more guidance on cryptocurrencies as many countries have not yet fully implemented its revised crypto standards.

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Crypto.com suspends debit card program after Wirecard bankruptcy

Crypto dot com is temporarily suspending its Europe and United Kingdom issuances of MCO debit cards after its former card operator — Germany’s Wirecard AG — slipped into bankruptcy and filed insolvency this week.

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Bitcoin: Africa might become the 'leading crypto continent in the next 5 years'

As government-backed fiat is failing to support people during global uncertainties, more and more people are turning towards crypto and the fact that many countries like India, South Korea, Germany, aThe post Bitcoin: Africa might become the 'leading crypto continent in the next 5 years' appeared first on AMBCrypto.

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Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

Bitwala, a Berlin-based crypto-friendly bank, has joined forces with Celsius, a leading crypto lending platform, to offer its clients up to four percent annual interest on their Bitcoin (BTC) holdings.

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90 Million More People Can Now Spend Crypto With TenX

TenX’s popular Visa debit card—which lets you spend cryptocurrency without having to manually top up—has launched in Germany and Austria. It supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), all of which can be spent anywhere that accepts Visa thanks to the card’s unique auto-convert ability.

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Crypto Custodian License Requests Are On the Rise In Germany; Banks Are Still Hesitant

They faced the problem first hand in November 2019 as Crypto Storage AG was opening a Deutsch branch, Crypto Storage Deutschland in Frankfurt, for the firm. The strategic move would grant them access to the German Market after they had completed license applications.

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Germany Continues Bitcoin Adoption Despite Rocky Market

The broader market crash brought on by fears of the coronavirus has been felt around the world. But as startups and investment firms in the U.S. buckle up for a...The post Germany Continues Bitcoin Adoption Despite Rocky Market appeared first on Crypto Briefing.

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Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks

Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions.

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Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India

The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more than 800 delegates discussed crypto regulations.

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Bittrex Global Rolls Out Ability To Buy Crypto With Credit Cards and Referral Program

Bittrex just made the announcement that it has introduced new features onto its platform, such as credit card support, mobile app upgrades and a referral program. Bittrex Global users from the UK, France, the Netherlands and Germany will be offered the credit card support, while the exchange is trying to expand to users from all […]

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After Germany, India, South Korea, And France, Are More Countries Likely To Warm Up To Crypto Real Soon?

The past couple of days have been spectacular in terms of bolstering crypto adoption. Financial regulators and lawmakers in India, South Korea, Germany, and France have softened their stance towards crypto through the passing of crypto-friendly laws.

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German Crypto Regulator BaFin Shuts Down Unauthorized Bitcoin ATMs

Germany’s Federal Financial Supervisory Authority (BaFin) has shut down unauthorized bitcoin ATMs in the country. Now that cryptocurrency is regulated under the German Banking Act, bitcoin ATM operators need to be authorized by BaFin.

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France Says Bitcoin Is Money as Industry Cheers Bullish Week for Crypto

To round off a week of positive developments for the cryptocurrency industry, France has officially recognized Bitcoin as a legal financial instrument. Elsewhere, India, South Korea, and Germany have seen similar legal developments in recent days.

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German Financial Regulator BaFin Recognizes Crypto As Financial Instrument

Germany’s financial watchdog, the Federal Financial Supervisory Authority (BaFin) has officially recognized cryptocurrencies as financial instruments. This, according to a report by Decrypt, March 3, 2020.

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Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes.

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Germany’s Second Largest Exchange Adds New Bitcoin Trading Product

Boerse Stuttgart, Germany’s second-largest stock exchange, has added a new inverse Bitcoin Exchange Traded Product (ETP). This will be the first crypto ETP, called 21Shares Short Bitcoin ETP, which allows traders to short Bitcoin.

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Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange.

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Boerse Stuttgart’s Blocknox Set to Launch Crypto Custodial Platform for Enterprises 

Boerse Stuttgart, Germany’s second-largest stock exchange, has announced that its subsidiary, blocknox, is putting preparations in top gear to launch a crypto custodial platform that will cater to the needs of institutional clients such as banks, fintech firms and others, according to a Ledger Insights report on February 18, 2020.

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Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

European crypto exchanges, as well as other companies with significant crypto holdings they need to protect, now have another option for cold storing their digital fortune. Bitgo is expanding out of the U.

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40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law

More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law.

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Over 40 German bank express interest in crypto custody

Germany's Federal Financial Supervisory Authority [BaFin] reportedly received over 40 expressions of interest from banks for the issuance of a cryptocurrency custody services license. The report stateThe post Over 40 German bank express interest in crypto custody appeared first on AMBCrypto.

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Over 40 German banks express interest in crypto custody

Germany's Federal Financial Supervisory Authority [BaFin] reportedly received over 40 expressions of interest from banks for the issuance of a cryptocurrency custody services license. The report stateThe post Over 40 German banks express interest in crypto custody appeared first on AMBCrypto.

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BitGo Grows Crypto Custody Options With New Swiss and Germany Entities

The U.S.-based custodian is expanding its crypto custody service to Europe with the launch of two entities in Switzerland and Germany.

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US Bitcoin Firm BitGo Launches Two New Crypto Custodies in Europe

Major United States-based crypto firm BitGo expands its global presence with regulated custody in Germany and Switzerland

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BitGo expands regulated crypto asset custody to Switzerland and Germany

BitGo, a provider of digital asset financial services, announced today that the company is expanding its global presence with new custodial entities in Switzerland and Germany. BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market Supervisory Authority (FINMA).

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40 Banks Apply To Offer Bitcoin and Ethereum Services

A recently passed law in Germany appears to have created a rush to market with a local paper stating 40 licensed banks have applied to offer crypto custody and services.... The post 40 Banks Apply To Offer Bitcoin and Ethereum Services appeared first on Trustnodes.

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Germany’s Financial Authority, BaFin, Releases Guidelines For Foreign Crypto Custodians

Germany’s Financial Supervisory Authority (BaFin) through a memo released in January stipulated that they wouldn’t target firms holding crypto assets for German citizens and were operating without a license.

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Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians

In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for not having a license. Instead, they’d be grandfathered into the same protection that crypto custody firms based in Germany already have under the new law.

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Boerse Stuttgart’s Bison Trading App to Add Bitcoin Cash and Launch Desktop Version

Bison, the crypto trading application offered by Boerse Stuttgart, has seen a remarkable growth of users in the past 12 months, the group announced this week. Germany’s second-largest stock exchange is now planning to expand its features and offer traders in Europe another cryptocurrency option, bitcoin cash (BCH).

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Germany's crypto-custody law remains an optimistic mystery

In Germany, cryptocurrencies are a "unit of account." With Bitcoin's legal definition similar to fiat currency, one would think a law approving bank-based crypto sale and custody would only benefit thThe post Germany's crypto-custody law remains an optimistic mystery appeared first on AMBCrypto.

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Crypto Custodians Grapple With Germany’s New Rules

While a grandfather clause allows crypto custodians to keep serving German customers without being penalized, those same companies are waiting on financial regulator BaFin to release final regulations around the law.

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Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia

Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several years.

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