Bitcoin Price Alert: German State Could Take Control of Another 57,000 BTC
A proposed court deal in the movie2k case could put another 57,000 Bitcoin within reach of the German state, reviving a supply-overhang story that the market thought had largely passed after Saxony’s 2024 Bitcoin liquidation. Local news MDR reported this week that the presiding judge has outlined a possible agreement that would let Saxony keep the €2.64 billion ($3.112 billion) already raised from last year’s Bitcoin sale and potentially obtain access to additional coins allegedly still controlled by the main defendant. German State Could Gain Access To 57,000 BTC The case centers on the....
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Germany wants to take cryptocurrency under government control. On January 2, the Christian Social Union (CSU) presented a document which offers several solutions to combat terrorism. According to Die Welt, one such solution includes taking transactions of virtual currencies such as Bitcoin under control. Such a measure is aimed at preventing terrorism financing, a problem that stands sharp especially after the Munich terror alert. Bitcoin allows anonymous transactions without the necessity of personal identification or the ability to track sender and receiver. No wonder the currency is so....
The Bitcoin price experienced significant turbulence as the US and German governments executed transactions involving seized Bitcoin (BTC) holdings, leading to another BTC retracement. According to market intelligence platform Arkham, the US government has transferred nearly 4,000 BTC, originally seized from drug trafficker Banmeet Singh, to Coinbase. Meanwhile, the German government engaged in substantial Bitcoin […]
Article updated on August 19th at 14:31 (BST). The German ministry of finance (Bundesministerium der Finanzen) has officially recognised bitcoin, mentioning the digital currency in a reply to an inquiry in parliament. "The German Ministry of Finance does not classify bitcoins as e-money or as a functional currency, they cannot be regarded as a foreign currency. Nevertheless they have to be subsumed under the German term of 'Rechnungseinheit' as a financial instrument," Martin Chaudhuri, of Bundesministerium der Finanzen, told CoinDesk. German news website Die Welt reports Member of....
The Washington State Department of Financial Institutions (DFI) has warned consumers about investing in bitcoin and digital currency, along with marijuana and binary contract investments. The notice has been posted on the department's "news and alerts" section and is titled, "Beware of the Next Big Investment." State Capitol Building. Marijuana, binary options and digital currency have recently emerged as investments that buyers and sellers hope will be "the next big thing," the alert notes. The notice addresses bitcoin after first describing the other two investments and devotes....
Are marijuana, binary options and digital currency the flavors of the month for U. S. state securities regulators? You might think so based on warnings issued by Washington and Colorado state officials and reported as such by local media. Recently, CCN reported the Washington Department of Financial Institutions issued an alert warning consumers about investing in marijuana, binary options and digital currencies. The News Tribune in Tacoma, Wash. reported this alert, warning consumers against becoming victims of "the next big thing." Later in the day, I noticed the Colorado Securities....