Archive for the author ‘Benjamin Kirschbaum’

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  April 3, 2020

  Banks Can Now Enter The Crypto Business in Germany

  As a result of the implementation of the fifth money laundering directive, crypto values were included in the German Banking Act (KWG). This long-awaited...
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  Dec. 30, 2019

  Crypto Exchanges: German BaFin License And New Obligations

  On November 14, 2019, the German Bundestag passed a law to implement the fifth EU anti-money laundering directive. Among other things, it regulates...
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  Sep. 26, 2019

  BaFin Publishes New Leaflet for ICOs and STOs

  The Federal Financial Supervisory Authority (BaFin) has published a new, detailed information note on the current legal situation regarding the so-called...
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  June 28, 2019

  German Ministry of Finance Re-regulates Crypto Values

  Bitcoin and other cryptocurrencies are not legal tender in Germany, but in the opinion of the Federal Financial Supervisory Authority (BaFin) they do represent...
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  May 13, 2019

  German BaFin Classifies Tokenised Investments as Securities

  In its latest journal, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungen, BaFin) has addressed the regulatory assessment...
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  April 4, 2019

  Commercial Trading in Cryptocurrencies and Arbitrage Transactions in Germany: Pitfall Accounting

  Trading in cryptocurrency isn’t exclusively reserved for private individuals. From a tax perspective, it can make sense to shift these activities to a...
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  March 29, 2019

  How Can German Companies Implement Cryptocurrencies as a Means of Payment?

  In the last few years, cryptocurrencies have hit the headlines. They were often considered as mere objects of speculation, and the extreme price development...
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  Dec. 19, 2018

  Registration of Cryptocurrency Companies in Germany

  The judgment of the Supreme Court of Berlin, which found that cryptocurrencies are no units of account within the meaning defined for regulatory purposes,...
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  Sep. 28, 2018

  Initial Coin Offering (ICO) – How to Avoid Investor Protection Claims

  Initial Coin Offerings (ICOs) have established themselves as an alternative form of corporate financing at least since 2017. Compared to conventional methods...
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  Sep. 27, 2018

  BaFin Confirms Regulatory Exemption of Utility Tokens in Germany

  In the past, we already reported about so-called Initial Coin Offerings (ICO) that may be a suitable alternative source of corporate financing. Until recently,...

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