Archiv für die Kategorie ‘Blockchain’

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 […]
Taxation of Helium Mining in Germany: Crypto Mining via Radio Technology

Jun 16, 21 • Blockchain, Digital Currencies, Income Tax Law • No Comments • Stefan Winheller

Mining has become popular in the crypto scene, particularly through Bitcoin (BTC). Miners are paid shares of BTC in return for a rendered computing service. The computing power is necessary to maintain the blockchain system. The great disadvantage here is that […]
Electronic Securities and Crypto Securities in Germany

Sep 29, 20 • Blockchain, Capital Markets and Securities Law • No Comments • Dr. Annette Wagemann

Corporate financing by issuing blockchain-based securities in fully digital form becomes possible On August 11, 2020, the German Federal Ministry of Justice and the Federal Ministry of Finance published a draft law on the introduction of electronic securities. This paper is […]
Crypto-Custody Business in Germany: BaFin Provides Licenses

Feb 14, 20 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Dr. Annette Wagemann

As WINHELLER reported lately, the fifth European Money Laundering Directive was implemented by the German parliament in November 2019. The directive came into force on January 1, 2020. As a result, Germany and the other member states of the European Union […]
Crypto Exchanges: German BaFin License And New Obligations

Dec 30, 19 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum

On November 14, 2019, the German Bundestag passed a law to implement the fifth EU anti-money laundering directive. Among other things, it regulates cryptocurrencies and crypto custody transactions. Crypto exchanges now regulated by law The law also covers crypto exchanges which […]
BaFin Publishes New Leaflet for ICOs and STOs

Sep 26, 19 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum

The Federal Financial Supervisory Authority (BaFin) has published a new, detailed information note on the current legal situation regarding the so-called Initial Coin Offerings (ICOs) and Security Token Offerings (STOs). The authority explains which licensing obligations may exist for an ICO, […]
Initial Coin Offering (ICO) – How to Avoid Investor Protection Claims

Sep 28, 18 • Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum

Initial Coin Offerings (ICOs) have established themselves as an alternative form of corporate financing at least since 2017. Compared to conventional methods like share issues or venture capital financing, ICOs offer various advantages. In most cases, they are cheaper and faster […]
BaFin Confirms Regulatory Exemption of Utility Tokens in Germany

Sep 27, 18 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum

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, however, the regulatory situation was uncertain. The Federal Financial Supervisory Authority (BaFin) had already classified Bitcoins as […]
Getting a Voice on the Blockchain: “Delegated Proof of Stake” Interesting for Companies

Jun 28, 18 • Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum

Blockchain technology, which was originally developed by the anonymous developer Satoshi Nakamoto, is based on the idea of creating a decentralized database that may be used to process value transactions. Contrary to the monetary system provided by the central banks, the […]