Archiv für die Kategorie ‘German Banking & Finance Law’

Cryptobusiness Models: Germany, Estonia, or Liechtenstein?

Nov 1, 24 • Banking Regulations, Digital Currencies • 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 […]
MiCAR: Updated Regulations for Cryptocurrency Issuers Effective from 30.06.2024

Sep 18, 24 • Banking Regulations, Digital Currencies • 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 […]
Crypto Business Models in Germany: No License? No Crypto ATMs!

Sep 10, 24 • Banking Regulations, Digital Currencies • 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 […]
Cashing out Cryptos in Germany: Proof of Origin Necessary

May 13, 24 • Cryptocurrency taxation, Digital Currencies • 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 […]
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 […]
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 […]
Crypto Assets: Regulation of Payment for Order Flow in Germany

Mar 30, 23 • Banking Regulations, Digital Currencies • 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 […]
Crypto Trading GmbH Benefits From Low Corporate Taxation in Germany

Dec 29, 22 • Digital Currencies, 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 […]
Cryptocurrencies as Collateral for Loans in Germany

Jun 29, 22 • Blockchain, Digital Currencies • No Comments • Stefan Winheller

Can cryptocurrencies serve as collateral for a loan agreement in Germany? This question is often asked by wealthy crypto investors who, in order to finance their commercial blockchain projects or their private asset investments (real estate, company shareholdings, etc.), wish to […]
Crypto Derivatives And Crypto Futures – Here’s How Trading Is Taxed in Germany!

Mar 10, 22 • Blockchain, Digital Currencies • No Comments • Stefan Winheller

With crypto derivatives and futures, crypto investors can earn high returns over a very short period of time. Likewise, trading in crypto derivatives and crypto futures for the purpose of hedging spot trading (traditional buying and selling of cryptocurrencies) is very […]