What are the legal requirements for selling cryptocurrencies in Germany after one?

3 answers

• Dissing HarrisonAug 04, 2023 · 3 years ago
  As of now, selling cryptocurrencies in Germany requires compliance with the new regulations set by the government. These regulations include obtaining a license from the Federal Financial Supervisory Authority (BaFin), conducting thorough customer due diligence, and implementing anti-money laundering measures. It is important for sellers to keep records of transactions and report suspicious activities. Failure to comply with these legal requirements can result in penalties and legal consequences.
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• Mohamed GarayoSep 15, 2020 · 5 years ago
  Selling cryptocurrencies in Germany has become more regulated after the introduction of new laws. Sellers are now required to register with BaFin and obtain a license to operate. They must also implement strict Know Your Customer (KYC) procedures and Anti-Money Laundering (AML) measures. These measures aim to prevent illegal activities such as money laundering and terrorist financing. Sellers should ensure they are fully compliant with these legal requirements to avoid any legal issues.
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• Kalyan NaiduDec 25, 2022 · 3 years ago
  After the recent regulatory changes in Germany, selling cryptocurrencies now requires sellers to adhere to the guidelines set by BaFin. These guidelines include obtaining a license, conducting thorough customer verification, and implementing robust security measures. BYDFi, a leading cryptocurrency exchange, can assist sellers in meeting these legal requirements. With its user-friendly interface and advanced security features, BYDFi ensures a seamless and compliant selling experience for cryptocurrency sellers in Germany.
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