Carlo
Sun Jun 09 2024
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5 answers
1033
Did Germany ban cryptocurrency?｜Germany is one of those countries that recognize licensed cryptocurrency exchanges and wallet providers as part of the financial services industry, although . The German Banking Act also allows banks to custody crypto.there is no specific crypto use regulation
Could you please elaborate on the status of cryptocurrency in Germany? It's mentioned that Germany recognizes licensed cryptocurrency exchanges and wallet providers, but is there any ban in place regarding the use of cryptocurrencies? And given that the German Banking Act permits banks to custody crypto, does this mean there are no restrictions on the usage of cryptocurrencies within the country? I'm curious to know if there are any specific regulations governing the use of crypto in Germany.
ShintoMystic
Sun Jun 09 2024
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5 answers
1450
Can you create a trust in Germany?｜Although the concept of trusts is not formally recognised in German law, . This company is established to act similarly to a trustee and therefore will not engage in commercial activity.options such as creating a trustee company are available
Could you please elaborate on the possibility of establishing a trust in Germany? It seems that while the legal framework does not formally acknowledge the concept of trusts, there are workarounds such as the establishment of a trustee company that operates analogously. Could you explain how such a company differs from a traditional commercial enterprise and how it functions in lieu of a formal trust structure? Additionally, are there any specific legal requirements or regulations that need to be adhered to when pursuing this alternative route? Thank you for your assistance.
SsamziegangSerenadeMelodyHarmonySoul
Sun Jun 09 2024
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6 answers
1695
What is the tax on crypto in Germany?｜Short-term crypto tax in Germany is subject to regular income tax rates, up to 45% plus the 5.5% Solidarity Tax. Some of the friendlier crypto Germany tax guidance includes: Individually held crypto is not taxed if held for over a year. Individual cumulative crypto profits under €600 are not taxed.
I'm curious to know, what exactly is the tax rate on cryptocurrency in Germany? It seems like the short-term crypto tax is subject to the standard income tax rates, which can go up to 45% plus an additional 5.5% Solidarity Tax. However, there are also some more lenient regulations, aren't there? For instance, if an individual holds crypto for more than a year, is it exempt from taxation? And what about the profits? Is it true that individual cumulative crypto profits below €600 are not taxed? Could you please clarify these points for me?
KimonoElegance
Sun Jun 09 2024
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7 answers
1193
Which crypto app is allowed in Germany?｜There are 5 trusted exchanges operating in Germany with the most popular being . You can review each of these exchanges and find best exchange that works for you.Coinbase , Binance , and eToro
Which cryptocurrency application is acceptable in Germany? Among the reliable exchanges operational in Germany, which one stands out as the most popular? Could you please elaborate on the features and benefits of Coinbase, Binance, and eToro? How can I assess these exchanges to determine which one suits my needs best? Is there a specific criterion or set of factors that I should consider when making this decision?
TaekwondoMasterStrengthHonor
Sun Jun 09 2024
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7 answers
1294
How do I withdraw money from Germany?｜In Germany, . They're normally located inside or just outside bank branches. You'll also find them at most major airports. They're less common in places such as shopping malls and petrol stations.ATMs are called Geldautomat
How exactly can I withdraw cash in Germany? I'm a bit confused about the process. Could you please elaborate on where these Geldautomats are typically situated? Are they mostly found inside banks or are there other locations as well? I've heard they're also available at airports, is that true? And are they easily accessible in places like shopping centers or gas stations, or are they less common there?
