CryptoElite
Sat Jun 08 2024
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7 answers
1064
Can I move to Germany to avoid crypto tax?｜Germany: no tax if you hold Bitcoin for one year Instead, Bitcoin and altcoins are considered private money. This distinction is important since private sales bring tax benefits in Germany. According to rule 23 EStG, .private sales that do not exceed 600 euros are tax exempted
Could you please clarify, is it possible to relocate to Germany solely to evade cryptocurrency taxes? I've heard that Germany offers tax exemptions for holding Bitcoin for a year, considering it as private money. This seems like a significant benefit, as private sales under 600 euros are tax-free according to rule 23 EStG. Would this be a viable strategy for tax avoidance? Or are there other factors I should be aware of before making such a decision?
Alessandro
Sat Jun 08 2024
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5 answers
984
Is crypto.com legal in Germany?｜. You should ensure you're using compliant exchanges though to ensure the security of your crypto.Yes, trading crypto in Germany is legal
Is it permissible to engage in cryptocurrency transactions on crypto.com in Germany? It's essential to underscore the importance of utilizing legitimate and compliant exchanges to safeguard the integrity and safety of one's digital assets. So, am I correct in assuming that conducting cryptocurrency trades within Germany's borders is indeed lawful?
Valentina
Sat Jun 08 2024
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7 answers
1987
Is Germany crypto-friendly?｜Unlike many of its neighbours, . As a result there is more confidence around crypto's everyday use with a variety of businesses across the nation accepting crypto transactions. Germany has recognized currencies, such as Bitcoin, as a legitimate currency for more discreet transactions
Is Germany considered crypto-friendly? Unlike its neighboring countries, it seems to hold a more lenient stance towards cryptocurrencies. Does this result in greater trust and acceptance among the German population when it comes to the daily use of crypto? Are there numerous businesses across the nation that are embracing crypto transactions? Moreover, has Germany officially recognized currencies like Bitcoin as a legitimate means of conducting more discreet transactions? I'm curious to know how this position affects the crypto ecosystem in Germany.
HanRiverWave
Sat Jun 08 2024
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5 answers
1494
Is Binance legal in Germany?｜Binance's decision to withdraw its application for a crypto license in Germany comes in response to the country's strict regulatory environment, prompting the exchange to reassess its expansion strategy. Earlier, German regulators had informed Binance that they would not issue them a license.
Could you please elaborate on the legality of Binance in Germany? It seems that Binance has chosen to withdraw its application for a crypto license in Germany due to the country's stringent regulatory framework. This decision seems to suggest a reevaluation of their expansion strategy. Prior to this, German regulatory authorities had communicated to Binance that they would not be granted a license. Could you provide more insight into this matter and its potential implications for Binance and the cryptocurrency industry in Germany?
ShintoBlessed
Sat Jun 08 2024
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5 answers
909
Does Germany accept cryptocurrency?｜On a national level, although cryptocurrencies are legal in Germany, they are not considered legal tender or currency. Instead, regulators classify cryptocurrencies as a financial instrument or asset, which makes them subject to regulations and laws related to securities and investments.
Does Germany recognize and accept the use of cryptocurrency? Given the current regulations, I'm curious about the legal status of cryptocurrencies in Germany. Are they treated as legal tender or are they classified differently? Do German authorities categorize them as a type of financial asset or instrument? If so, how does this classification affect the way cryptocurrencies are used and regulated within the country?
