Cryptocurrency Q&A
Is crypto legal in Germany for foreigners?
Is crypto legal in Germany for foreigners?
Lorenzo
Mon Jun 10 2024
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5 answers
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I'm curious about the legality of cryptocurrencies in Germany for foreigners. Could you please clarify the status of crypto in Germany for those who are not native citizens? Is there any specific regulation or policy that foreigners need to be aware of when dealing with cryptocurrencies in the country? Additionally, are there any restrictions or limitations that might apply specifically to foreigners in terms of owning, trading, or investing in cryptocurrencies in Germany? Thank you for your assistance in clarifying this matter.
5 answers
CharmedClouds
Wed Jun 12 2024
Cryptocurrency enjoys legal status in Germany, as stipulated by the BaFin crypto regulations and the KWG, the German Banking Act.
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Riccardo
Wed Jun 12 2024
According to these regulations, individuals and businesses operating within Germany's borders are permitted to engage in the purchase, sale, and trading of cryptocurrencies.
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Raffaele
Wed Jun 12 2024
Despite their legality, cryptocurrencies are not recognised as a form of legal tender in Germany. This means they cannot be used as a direct means of payment for goods and services within the country.
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EthereumLegendGuard
Wed Jun 12 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the needs of crypto enthusiasts and investors.
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Nicola
Tue Jun 11 2024
Among its offerings, BTCC provides spot trading, allowing users to buy and sell cryptocurrencies at current market prices. It also facilitates futures trading, enabling investors to speculate on the future prices of various digital assets.
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