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Archiv für die Kategorie ‘German Banking & Finance Law’
Payment Services Directive (PSD II) Under Privacy Law: Challenges for Payment Services Providers
New regulations for payment services providers in Europe Payment services have seen significant technical innovations in recent years. These led to a fast increase in electronic and mobile payments and the creation of new payment methods, like Paypal, Giropay or instant […]
Protection Against Cyberattacks for German Banks and FinTechs
Digital attacks against banks and financial services providers pose major challenges not only on that sector but also on the legislator and the financial supervisory authorities. In 2017, nearly 10 billion cyberattacks occurred worldwide. Apart from spam and phishing, the main […]
A Face-off between Facebook and Digital Heirs in Germany
Karlsruhe, Germany, July 12, 2018. It’s another tiny notch in David’s belt in his battle with Goliath. Germany’s Federal Court of Justice (Bundesgerichtshof – BGH) has cast the die in a five-and-a-half year struggle between the parents of a deceased teenager […]
Getting a Voice on the Blockchain: “Delegated Proof of Stake” Interesting for Companies
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 […]
Public Offerings and ICOs About to Become Much Easier in Germany?
Federal government is planning a “short prospectus” for public offerings of up to eight million euros Whenever a company wishes to realize a business project or a large investment, the question about the financing will inevitably arise. Beyond traditional bank financing […]
How Does Financing a Start-up Through an ICO Work in Germany?
Initial Coin Offerings (ICOs) are presently probably the most hyped way of procuring venture capital not only in Germany but worldwide. ICOs associate elements of crowdfunding with Blockchain technology. By the end of March 2018 alone, this innovative financing mechanism generated […]
Cryptocurrencies: Mining VAT Exempt in Germany
By circular of February 27, 2018, the Federal Ministry of Finance has clarified some open VAT-related questions with respect to the trading and mining of cryptocurrencies. According to the circular, transactions in bitcoin are VAT exempt. Accepting bitcoin as consideration is […]
No Authorization Required for Trading in Cryptocurrencies in Germany
In Germany, the commercial trading in most goods is permissible without any specific authorization. However, anyone intending to provide services relating to securities or other financial instruments needs an authorization from the German financial market supervisory authority BaFin. As a successful […]
Cryptocurrencies: Federal Ministry of Finance confirms VAT exemption
The last few days and weeks have seen a lot of uncertainty among companies trading in cryptocurrencies. According to a media report, the Bonn tax office had refused to grant VAT exemptions for transactions in Bitcoin as they considered Bitcoin to […]
Collateral Security Law: No General Right to Exchange Collaterals in Germany
The German Federal Court of Justice (Bundesgerichtshof; “BGH”) recently ruled that a collateral provider, which has agreed on a specific collateral with a secured party, may not demand that said collateral be exchanged for a different one the provider finds more […]