Elena
Sun Jun 09 2024
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7 answers
1900
Is crypto allowed in Germany?｜. The BaFin crypto regulations and KWG (German Banking Act) state individuals and businesses may buy, sell, and trade cryptocurrencies.Yes, cryptocurrency is legal in Germany
Could you please clarify the legal status of cryptocurrency in Germany? Based on the BaFin crypto regulations and the German Banking Act, KWG, I understand that individuals and businesses are permitted to engage in the buying, selling, and trading of cryptocurrencies. However, I'd like to know if there are any specific limitations or regulations that govern these transactions. Could you provide some more insight into this matter? Thank you in advance for your assistance.
Federico
Sat Jun 08 2024
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5 answers
1265
Is crypto legal in Germany for foreigners?｜Yes, cryptocurrency is legal in Germany. The BaFin crypto regulations and KWG (German Banking Act) state individuals and businesses may buy, sell, and trade cryptocurrencies. However, cryptocurrencies are not recognised as a form of legal tender in Germany.
Is it permissible for foreigners to engage in cryptocurrency transactions in Germany?｜Absolutely, cryptocurrency transactions are permissible for foreigners in Germany. According to the BaFin crypto regulations and the German Banking Act (KWG), both individuals and businesses are free to purchase, sell, and exchange cryptocurrencies. Nevertheless, it's worth noting that cryptocurrencies are not officially recognized as a form of legal tender within Germany.
