The world of cryptocurrencies, and Bitcoin in particular, is known for its rapid growth and the associated profit opportunities. Many investors have realised high returns with Bitcoin, but are faced with the challenge of investing these digital profits in tangible, long-term assets. Since April 2023, direct property purchases with cryptocurrencies have been prohibited in Germany due to the Money Laundering Act prohibited. But thanks to an innovative cooperation between SecPay.io and Black Label Immobilien, new avenues are now opening up.
Innovative ways to invest in property thanks to crypto partnership
The partnership between SecPay.io and Black Label Immobilien offers a unique solution: an exchange service with a Bitcoin price guarantee that makes it possible to invest cryptocurrencies in the property market in an uncomplicated and secure manner. This cooperation between savedroid FL GmbH, a subsidiary of Advanced Bitcoin Technologies AG, and BLP Investments GmbH creates new opportunities for investors to invest their crypto profits efficiently and in compliance with the rules in the purchase of property. Press release
Secure investments in a regulated environment
The fully regulated Bitcoin payment gateway SecPay.io creates an innovative user experience that paves the way for property purchases with Bitcoin in Germany. This offers new opportunities for both sellers and buyers in the property market.
Exclusive service for the purchase of a property
At Black Label Immobilien, we use our extensive market knowledge and experience to help you buy your dream property. Our aim is to offer you exactly the properties that perfectly match your wishes and requirements. Our range includes a wide selection of high-quality properties - from elegant townhouses and modern condominiums to luxurious estates in Berlin. On request, we can also arrange property purchases that can be settled using Bitcoin. Please note that we do not offer advice on Bitcoin or financing issues.
Put your trust in our expertise and our commitment to exclusivity and quality - at Black Label Immobilien you will find the perfect property to meet your requirements.
Turn your crypto profits into sustainable property investments.
Information on current case law:
Buying property in Germany with Bitcoin violates the Money Laundering Act.
In the course of digitalisation, new payment methods are becoming popular. It is therefore only logical to consider payment with crypto values, such as Bitcoin. However, it should be noted that although such transactions can be carried out securely against manipulation in the digital world, it is difficult to assign the values to a real person and their home address. For this reason, the purchase of real estate with crypto assets has been prohibited in Germany since April 2023 by the Money Laundering Act. According to the newly introduced Section 16a, the purchase of domestic real estate can only be made with assets other than cryptocurrencies. "cash, crypto assets, gold, platinum or precious stones." Since April 2023, notaries have been instructed to only initiate the transfer of ownership in the land register if they receive proof of payment of the purchase price for the property using means of payment other than those that are no longer permitted. In practice, this is typically done by submitting a bank statement from the seller or by confirming to the notary that the purchase price has been credited to their account.
Buyer can reclaim unauthorised payment at any time
There is a particular risk for sellers who may accept a different payment, for example cash or crypto assets: the new legal regulation (Section 16 a GwG) stipulates that a buyer can reclaim this payment without further ado. The seller therefore risks losing ownership of the property and later being exposed to the buyer's claim to reclaim the cash handed over. The Money Laundering Act expressly stipulates that the buyer can assert such a reclaim at a later date. In this case, the seller would lose out.
Seller without rights in case of unauthorised means of payment
It is therefore highly advisable not to accept any payment with values that are no longer permitted. If the parties involved in the property contract choose a constellation to circumvent the prohibition, there is a risk that this circumvention transaction will be equated with the prohibited payment method and the seller will later be left without rights.
Berlin in November 2023
Ulrich Joerss
Lawyer and notary
