Archiv für die Kategorie ‘German Banking & Finance Law’

• Gifting and Inheriting Crypto Assets: Making Clever Use of Tax Opportunities in Germany

  Jun 13, 25 • Crypto Assets, Inheritance Law • No Comments • Meike Hagel
  

  Cryptocurrencies have long been more than just a niche investment. They are increasingly establishing themselves as an integral part of the asset planning of wealthy private investors – also with regard to gifts and inheritances. But how can Bitcoin, Ethereum and […]

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• BMF Letter on the Taxation of Cryptocurrencies in Germany: This Applies since March 2025

  Jun 13, 25 • Crypto Assets • No Comments • Stefan Winheller
  

  On March 6, 2025, the German Federal Ministry of Finance (BMF) published an updated letter on the income tax treatment of crypto assets, which replaces the previous letter dated May 10, 2022. Fortunately, the letter does not introduce any burdensome tightening […]

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• Cryptobusiness Models: Germany, Estonia, or Liechtenstein?

  Nov 1, 24 • Banking Regulations, Crypto Assets • No Comments • Dr. Annette Wagemann
  

  Caution when setting up a business in another EU country In the recent past, Estonia and Liechtenstein have surfaced as enticing locations for the initiation of companies, especially within the realm of innovative finance and cryptobusiness models. These nations lure entrepreneurs […]

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• MiCAR: Updated Regulations for Cryptocurrency Issuers Effective from 30.06.2024

  Sep 18, 24 • Banking Regulations, Crypto Assets • No Comments • Dr. Annette Wagemann
  

  Since June 30, 2024, the German Financial Supervisory Authority BaFin has been overseeing issuers of ART (as per Title III of MiCAR) and EMT (as per Title IV of MiCAR), ensuring their compliance with the provisions of the MiCAR (Markets in […]

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• Crypto Business Models in Germany: No License? No Crypto ATMs!

  Sep 10, 24 • Banking Regulations, Crypto Assets • No Comments • Dr. Annette Wagemann
  

  The German Federal Financial Supervisory Authority (BaFin) has issued a fresh reminder via a press release, highlighting the stringent regulatory requirements for operators of crypto business models in Germany. Services encompassing trading, custody, and advising in relation to cryptocurrencies are particularly […]

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• Cashing out Cryptos in Germany: Proof of Origin Necessary

  May 13, 24 • Crypto Assets, Cryptocurrency taxation • No Comments • Stefan Winheller
  

  Crypto investors looking to convert their digital currencies into fiat money, such as U.S. dollars or euros, and transfer the proceeds to their bank account, face the challenge of providing a proof of origin. This proof is essential to avoid suspicion […]

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• Electronic Vouchers: Regulatory Requirements for Issuance and Distribution in Germany

  Dec 20, 23 • Banking Regulations • No Comments • Dr. Annette Wagemann
  

  The sale of vouchers or prepaid cards is increasingly being offered by more and more online retailers. These can be redeemed in the retailer’s online shop or at other retailers. Many online retailers also give away vouchers as part of their […]

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• PSD 3 & PSR: Implications for Licensed Payment Services in Germany

  Sep 19, 23 • Banking Law, Banking Regulations • No Comments • Dr. Annette Wagemann
  

  On June 28, 2023, the European Commission unveiled its draft for an updated European Payment Services Directive, known as the Payment Services Directive 3 (PSD 3). The aim of PSD 3 is to further streamline the laws across member states, while […]

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• Crypto Assets: Regulation of Payment for Order Flow in Germany

  Mar 30, 23 • Banking Regulations, Crypto Assets • No Comments • Michael Kissler
  

  Payment for order flow (PFOF) is a controversial practice in the financial and crypto industry. It involves brokers receiving payment from market makers for directing customer orders to them. What is PFOF? Payment for order flow is a practice in which […]

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• Crypto Trading GmbH Benefits From Low Corporate Taxation in Germany

  Dec 29, 22 • Crypto Assets, Tax Law – Miscellaneous • No Comments • Stefan Winheller
  

  For larger profits from trading cryptocurrencies, the benefits of a German trading limited liability company (Trading GmbH) are suitable. In a bear market, the decision to establish such a trading GmbH can be even more important. While the majority of private […]

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