German Court Ruling Raises Questions about Bitcoin’s Legal Status ByYashu GolaPRO INVESTOR Updated: 08 August 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage 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 Join Our Telegram channel to stay up to date on breaking news coverage
