Treatment of Cryptocurrency in Germany and Comparison with India
Germany is startup hub including those relating to crypto currency and blockchain as this country has developed favourable tax laws, entrepreneurship environment and maintains good professionals network. In 2017 it has also conducted various meet ups for blockchain/bitcoin startups which involved a minimum of 400 members. This acts of it encourage entrepreneurs to meet people with similar mindset and develop better ideas and helps in building new business relations among them. The author in this article has analysed how the cryptocurrency is treated in Germany and the various issues related/connected to it like the system of taxing of it, the issues of money laundering and the methods/techniques used for its regulations, AMLD5 regulation. The author has compared such treatment of cryptocurrency in Germany with the situation in India and how India could refer to such countries to adopt some of the regulatory framework or to make its own effective regulations.
This is an Open Access article distributed under the terms of the Creative Commons Attribution–NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.