Tag Archives: Germany

German Online Bank Favors Bitcoin for International Money Lending

Bitbond, an online bank founded in Germany in 2013 by German Radoslav Albrecht, has found an innovative use case for bitcoin’s borderless nature: international loan payments. It was the first to use bitcoin to transfer credit in currency internationally, not only as loan collateral, and it’s currently processing about $1 million in loan payments per month. Continue reading German Online Bank Favors Bitcoin for International Money Lending

Germany’s 2nd Largest Stock Exchange Launches Crypto Trading App

The Bison app, which was developed by Boerse Stuttgart, will be available to cryptocurrency traders in the fall. Germany is taking the lead among retail exchanges tapping into the cryptocurrency base. Continue reading Germany’s 2nd Largest Stock Exchange Launches Crypto Trading App

Bruno Le Marie Highlights Importance of Cryptocurrencies

During this week’s G20 summit in Buenos Aires, Argentina, France’s minister of Finance Bruno Le Maire highlighted the importance bitcoin and cryptocurrencies may have in the world’s economy. Le Maire pointed out that France, along with Germany, called for cryptocurrencies to placed on G20’s agenda. Continue reading Bruno Le Marie Highlights Importance of Cryptocurrencies

Germany Won’t Tax Cryptocurrencies Used To Make Purchases

The German Federal Ministry of Finances considers Bitcoin as tax-exempt so long as it is used as a means of payment, Cointelegraph auf Deutsch reported Thursday, March 1. The German federal authority published its decision to not subject purchases with Bitcoin and other cryptocurrency to taxes on Feb. 27, citing the European Court’s 2015 decision, which set a precedent for all members of the European Union. ccording to the decision, a conversion from crypto to fiat or vice versa is classified as “other taxable services”. Therefore, a party that is acting as an intermediary for this exchange will not be taxed. Under this provision, operators of crypto exchanges can also get tax exemptions, “if they complete the purchase and sale of Bitcoin as an intermediary on their own behalf.”

Reference: https://cointelegraph.com/news/germany-wont-tax-cryptocurrencies-used-to-make-purchases