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Seems they're making all crypto exchanges not registered in Germany illegal for their citizens. I wonder what the punishment will be for a German who buys crypt

• DyslexicAtheist 7y ago
  cash rules everything around me C.R.E.A.M get the money, so I'm more concerned about the push to abolish cash
• zeug 7y ago
  Nothing. In normal the Company selling these have to prevents Germans to buy cryptocoins.
• wongarsu 7y ago
  I'm not so sure about that. I haven't looked up the legal text, but to me it only sounds like operating some services like crypto exchanges requires a licence. As a citizen I can interact with a Canadian bank that has no German licence, as long as I don't launder money. The Canadian bank just can't do business activities in Germany (advertisement, opening an office, etc). Overall this seems like a bigpositive since it gives crypto currencies a more solid place in the German legal framework, taking it out of the niche
• imtringued 7y ago
  The punishment is that foreign exchanges will refuse to do business with Germans.