Germany has taken very proactive approach to handling the cryptocurrencies and became the key newsmaker in the EU. The German Central Bank’s director Joachim Wuermeling said that the only way to effectively regulate bitcoin and other cryptocurrencies is to pursue a global framework with “the greatest possible international cooperation.” Moreover, The Ministry of Finance of Germany signed a document, which said that “Virtual currencies (cryptocurrencies, e.g., bitcoin) become the equivalent to legal means of payment”. Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as means of payment, according to a new document.
Berlin and Frankfurt are contenders for fintech and financial centers of post-Brexit EU and are home to the numerous fintech and crypto communities with well known supporters, enthusiasts and evangelists. Moreover, 30+ crypto exchanges operate in Germany. All this gives grounds to call Berlin the capital of the European crypto market.
Smartlands consistently advocates a reasonable regulation of the crypto market and seeks to deliver to the market a product that could reduce the risks of using cryptocurrency, as well as facilitate access of real economy companies to blockchain technology and crypto investments. Therefore the German market is very important for us and we decided to participate in C3 Crypto Conference in Berlin https://crypto-conference.com/, which will be held on April 05–06 .
Victor Yermak, Director of Business Development, will reveal our vision of the investment banking’s future and the role of Smartlands in this imminent process. This presentation is not the only goal of the visit to Berlin. We have been constantly looking for partners and new ideas for implementation our roadmap, improving our current products. New partners, clients and community members are waiting for Smartlands in Germany!