Beiträge zum Stichwort ‘Bitcoin’

• German Ministry of Finance Re-regulates Crypto Values

  Jun 28, 19 • Banking Regulations, Digital Currencies • No Comments • Benjamin Kirschbaum
  

  Bitcoin and other cryptocurrencies are not legal tender in Germany, but in the opinion of the Federal Financial Supervisory Authority (BaFin) they do represent so-called units of account. In connection with this, numerous activities such as the operation of a cryptocurrency […]

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• Cryptocurrencies: Mining VAT Exempt in Germany

  Mar 28, 18 • Digital Currencies • No Comments • Benjamin Kirschbaum
  

  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 […]

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• Cryptocurrencies: Federal Ministry of Finance confirms VAT exemption

  Mar 7, 18 • Digital Currencies, Value Added Tax • No Comments • Benjamin Kirschbaum
  

  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 […]

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• Hard Fork: German Tax Treatment and Date of Acquisition

  Dec 29, 17 • Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum
  

  More often, so-called “hard forks” occur in the cycle of a cryptocurrency. The first cryptocurrency that completed a hard fork was the Ethereum blockchain. In the course of the so-called DAO hack in 2016, Ethereum was split into Ether (ETH) and […]

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• Regulation of ICOs in Germany and at international level

  Nov 8, 17 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum
  

  The common opinion that Initial Coin Offerings (ICO) are a form of raising capital that is subject to no regulations is increasingly facing headwinds from international regulatory authorities. Supervisors in many countries have made it clear through public statements that ICO […]

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• Bitcoins and Criminal Law

  Apr 14, 15 • Digital Currencies • No Comments • Benjamin Kirschbaum
  

  The Federal Financial Supervisory Authority (BaFin) considers bitcoins to be units of account and thus financial instruments within the meaning of the German Banking Act. Accordingly, whoever operates banking transactions or financial services with bitcoins commercially or to an extent, which […]

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