Cryptocurrency Q&A
Is crypto illegal in Germany?
Is crypto illegal in Germany?
TaekwondoPower
Tue Nov 05 2024
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7 answers
1640
I'm wondering if cryptocurrency is considered illegal in Germany. I've heard mixed information and would like to clarify the legality of crypto in this country.
7 answers
Ilaria
Thu Nov 07 2024
Despite being legally recognized, cryptocurrencies are not treated as a form of legal tender in Germany.
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Stefano
Thu Nov 07 2024
Cryptocurrency holds a legal status in Germany.
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OceanSoul
Thu Nov 07 2024
According to the BaFin crypto regulations and the German Banking Act (KWG), individuals and entities operating within the country's borders are permitted to engage in buying, selling, and trading cryptocurrencies.
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EthereumElite
Thu Nov 07 2024
This legal framework provides a clear pathway for investors and businesses to participate in the cryptocurrency market without fear of legal repercussions.
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StormGlider
Wed Nov 06 2024
This means that they cannot be used to settle debts or make payments in the same way that traditional currencies like the euro can.
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