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With the press release of the European Council of 29 June 2022 (https://www.consilium.europa.eu/de/press/press-releases/2022/06/29/anti-money-laundering-provisional-agreement-reached-on-transparency-of-crypto-asset-transfers/), a preliminary agreement has now been reached in the trilogue negotiations for the so-called travel rule for crypto transactions. The aim of this travel rule is to introduce an obligation for providers of...

Background On March 31, 2022, the European Parliament (EU Parliament) voted on the Transfer of Funds Regulations (TRF). The European TRF regulation is an anti-money laundering and counter-terrorist financing regulation designed to ensure that European Crypto Assets Service Providers (CASPs) pass on information about the originator...

A comparison of the (income) tax treatment of cryptocurrencies in Luxembourg with neighboring European countries. Currently, there are no standardized tax laws for the treatment of cryptocurrencies such as Bitcoin (BTC), Ethereum, Solana, Avalanche and Co. Nevertheless, some countries have already taken a more liberal approach...

What is crypto lending? Crypto lending is a lending transaction in which cryptocurrencies are given out on loan. This lending transaction is mostly carried out via special lending platforms of DeFi projects. Ultimately, it is nothing more than a crypto-based loan. On the corresponding platform, the lender,...

What is Decentralized Finance (DefI)? Along with the growing interest in cryptocurrency, Decentralized Finance (DeFi) is becoming increasingly popular. DeFi refers to a special ecosystem in the blockchain space that enables digital financial services. An explosion of DeFi cryptocurrency has been seen since February 2021 with...

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