Global #Germany

Banco Santander, through its digital platform Openbank, has launched cryptocurrency trading services for its retail clients.

Sygnum, a Swiss crypto banking group, is extending its asset management services to institutional and large-scale investors in Germany and Liechtenstein.

Cryptocurrency taxation is a growing topic of discussion globally, with countries taking various approaches to the regulation of profits made from digital assets.

In a move that is now causing some regret, Germany sold nearly 50,000 bitcoins seized from the operators of the Movie2k piracy website in July 2023.

In a significant enforcement action, German authorities have confiscated $28 million in cash and seized 13 machines from 35 unlicensed cryptocurrency ATM locations across the country.

Germany has recently made headlines in the cryptocurrency world for its decision to liquidate its substantial Bitcoin holdings.