CZ: Binance Wants to Apply for a Crypto License in Germany

cz:-binance-wants-to-apply-for-a-crypto-license-in-germany

Changpeng Zhao – CEO of the digital asset exchange Binance – revealed that the company seeks to obtain a license from the German regulators and settle in Europe’s largest economy. He also touched upon the recent market decline, saying it has its cycles and a potential “crypto winter” will not last forever. After France, Binance … Read more

‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

‘defi-in-europe-has-no-lobby,’-says-co-founder-of-unstoppable-finance

Peter Grosskopf, co-founder of the DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi. Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in … Read more

German BaFin official calls for ‘innovative’ EU-wide DeFi regulation

german-bafin-official-calls-for-‘innovative’-eu-wide-defi-regulation

Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.” Birgit Rodolphe, an executive director at Germany’s Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the … Read more

Law Decoded: Is depegging a real threat to financial stability?

law-decoded:-is-depegging-a-real-threat-to-financial-stability?

Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure and more. This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto … Read more

Bitcoin investment giant Grayscale debuts ETF in Europe

bitcoin-investment-giant-grayscale-debuts-etf-in-europe

Grayscale announced its first European ETF, listing on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra. Crypto investment giant Grayscale is expanding operations by launching a new crypto-linked exchange-traded fund (ETF) in Europe. Grayscale officially announced its first European ETF, called Grayscale Future of Finance UCITS ETF, on May 16. The new investment … Read more

Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free

germany-outlines-favorable-tax-guidelines,-gains-on-btc-and-eth-sold-after-a-year-tax-free

Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold 12 months after acquisition. The Federal Ministry of Finance (BaFin) published a 24-page document on Tuesday outlining clear income tax rules for cryptocurrency and virtual assets. Tax practitioners, businesses and individual taxpayers now have clear direction … Read more