German Court Ruling Raises Questions about Bitcoin’s Legal Status

Until recently, Germany’s Federal Financial Supervisory Authority (BaFin) classified bitcoin as a financial instrument, but a subsequent court ruling disclaimed this categorization and decided that the cryptocurrency does not meet this definition under the terms of the German Banking Act (KWG). Bitcoin Unrecognizable to German Legal Framework The Berlin Court of Appeal in September dismissed The post German Court Ruling Raises Questions about Bitcoin’s Legal Status appeared first on CCN

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This German Fintech Startup Will Let You Hold Bitcoin in Your Bank Account

German blockchain banking service Bitwala is set to launch the first-ever platform that will enable the management of both euro deposits and bitcoin funds within the same bank account. This system is planned to kick off by November with an estimated 30,000 customers who have already signed up for the service. The biggest initial investor The post This German Fintech Startup Will Let You Hold Bitcoin in Your Bank Account appeared first on CCN

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Tom Lee: Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging Markets

Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market The post Tom Lee: Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging Markets appeared first on CCN

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1 in 3 Germans See Cryptocurrency as an Investment Opportunity: Bank Report

German retail bank Postbank has reported that according to a recent survey, 29% of Germans believe that cryptocurrency is a desirable investment opportunity. The results from Postbank Digital Study 2018 were announced after 3,100 Germans were interviewed from the end of February to the end of March this year. One in two of the younger The post 1 in 3 Germans See Cryptocurrency as an Investment Opportunity: Bank Report appeared first on CCN

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German National Tourist Board Now Accepting Cryptocurrencies as Payment for Services

Starting March 5th, 2018, the German National Tourist Board, headquartered in Frankfurt, is accepting payment in cryptocurrencies like Bitcoin for services, as a response to their interest in utilizing the blockchain technology supporting cryptocurrencies in the German and international markets. Primarily financed by the German National Ministry of Economy & Technology, the GNTB serves to … Continued The post German National Tourist Board Now Accepting Cryptocurrencies as Payment for Services appeared first on CCN

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