Questions tagged [germany]

BlockchainEmpiress Sat Jun 08 2024 | 5 answers 1287

Could you please elaborate on the legality of Bitcoin in Germany? I've heard that the BaFin crypto regulations and the KWG allow individuals and businesses to engage in buying, selling, and trading cryptocurrencies. However, does this mean that cryptocurrencies are officially recognised as a form of legal tender in the country? I'm quite curious about the specifics of this matter. Thank you.

ethan_carter_engineer Sat Jun 08 2024 | 7 answers 1353

Does Germany invest in cryptocurrency? The answer is a resounding yes! But why? And what should you know about investing in cryptocurrencies in Germany? Germany has earned a reputation as one of the most cryptocurrency-friendly countries globally. Its positive stance on digital assets reflects in various policies and regulations that foster a conducive environment for crypto investments. But what are the reasons behind Germany's embrace of cryptocurrencies? Could it be the country's forward-thinking approach to financial technology? Or is it the recognition of the potential benefits that cryptocurrencies bring, such as increased financial inclusion and cross-border payment efficiency? And what should investors in Germany know about crypto investments? Are there specific tax implications or regulatory frameworks to be aware of? How does the market landscape differ from other countries? Join us as we delve into these questions and explore the reasons behind Germany's investment in cryptocurrencies, as well as the essential information investors need to know.

SkylitEnchantment Sat Jun 08 2024 | 7 answers 1601

Could you please clarify for me? Is it possible to acquire a Bitcoin machine in Germany? I understand that Coinhub has Bitcoin Machines conveniently stationed in major cities throughout the country, which sounds very convenient. However, I'm specifically interested in Großaitingen. Could you confirm that it is indeed possible to purchase Bitcoin locally near Großaitingen, Germany, through one of these machines? Thank you for your assistance in this matter.

PulseRider Sat Jun 08 2024 | 6 answers 1606

Could you please clarify the tax regulations on cryptocurrencies in Germany? I've heard that long-term capital gains are tax-exempt, but what exactly constitutes a long-term holding? Additionally, how are crypto-to-crypto trades taxed? And if I hold my cryptocurrency for less than 12 months, what would be the tax rate on my short-term capital gains? It seems there's a range of 0-45%, but how is that determined? Thank you for your assistance in understanding this complex matter.

CryptoWanderer Sat Jun 08 2024 | 5 answers 1175

Can you clarify for me, please? I've heard a lot about Binance, but I'm not entirely sure if it's legal to use in Germany. Is it permitted for residents of Germany to utilize Binance for cryptocurrency transactions? I've read conflicting information on this topic and would appreciate a straightforward answer. Is it a straightforward "no", or are there certain conditions or restrictions that apply? Thank you for your assistance in clearing this up for me.