Follow us on or join ours

Regulations in force in Europe regarding cryptocurrency are modified on an ongoing basis, and individual countries make attempts to create their own standards in this regard. For example, Germany has started activities in this field, which has announced the introduction of a new cryptocurrency policy.

Cryptocurrency-friendly Germany

The German government has announced the introduction of new regulations on cryptocurrencies that will favor their adaptation. They will apply, inter alia, to taxation of digital currencies. Completely new prospects are opening up for German investors. The state intends to abolish the tax on sales and profits related to cryptocurrencies, obtained from trading them.

The Federal Ministry of Finance in Germany also announced that there are plans to abolish a bill requiring at least ten years of maintaining profits from trading in cryptocurrencies in order to be able to obtain a tax exemption. At the same time, it was announced the implementation of regulations that will be more friendly to cryptocurrency transactions.

Tax facilitation for people earning on cryptocurrencies

The most frequently undertaken investments in the DeFi sector are loans and stakes. In the case of loans, cryptocurrencies are used as collateral for the borrowed funds. As for betting, users then block their cryptocurrencies online for a certain period of time. Thanks to this, they earn interest on the cryptocurrencies staked in this way.

According to the announcements of German parliamentarians, the regulations are to come into force, according to which investors, in order to avoid paying taxes, will have to maintain their profits related to loans or betting on cryptocurrencies for a year, not ten years.

Germany aspires to be a cryptocurrency-friendly country

Looking at the regulations being introduced, it can be said with full conviction that Germany is slowly becoming a global leader in terms of cryptocurrency-friendly regulations. Recently, this country has seen a significant increase in interest in trading cryptocurrencies. This is the result of the implementation of more and more regulations, encouraging investors to turn to the cryptocurrency sector.

What's more, German banks are also showing an increasing interest in innovative solutions that facilitate cryptocurrency trading. There are also more and more cryptocurrency startups in Germany, and some companies have decided to launch stock exchange products related to digital currencies.

5 / 5 - (5 votes)
We invite you to visit our other portals, and is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019

My Newsletter

Sign Up For Updates & Newsletters