Dario
Sun Jun 09 2024
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5 answers
1100
Is crypto.com legal in Germany?｜Crypto is legal in Germany. However, it is not a legal tender or currency.
Hello, could you please clarify something for me? I've been hearing a lot about crypto.com, and I'm wondering, is it legal to use in Germany? I've heard conflicting information about whether it's considered a legal tender or currency there. Could you shed some light on this matter for me? I'd appreciate it if you could provide a concise and straightforward answer. Thank you in advance for your help!
Federico
Sat Jun 08 2024
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5 answers
1265
Is crypto legal in Germany for foreigners?｜Yes, cryptocurrency is legal in Germany. The BaFin crypto regulations and KWG (German Banking Act) state individuals and businesses may buy, sell, and trade cryptocurrencies. However, cryptocurrencies are not recognised as a form of legal tender in Germany.
Is it permissible for foreigners to engage in cryptocurrency transactions in Germany?｜Absolutely, cryptocurrency transactions are permissible for foreigners in Germany. According to the BaFin crypto regulations and the German Banking Act (KWG), both individuals and businesses are free to purchase, sell, and exchange cryptocurrencies. Nevertheless, it's worth noting that cryptocurrencies are not officially recognized as a form of legal tender within Germany.
SakuraSpirit
Sat Jun 08 2024
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7 answers
1721
Is trust legal in Germany?｜and German land law does not allow for the transfer of assets located in Germany to a trust. However, such a transfer does not necessarily have to be without effect.Trusts are virtually unknown in German Civil law
Could you please clarify the legal status of trusts in Germany? I've heard that German land law prohibits the transfer of assets located within the country to a trust. However, does this mean that such transfers are completely ineffective? Also, it seems that trusts are not commonly recognized in German Civil law. Could you elaborate on this aspect and explain how it impacts the legality and practicality of trusts in Germany?
