Crypto transactions
Crypto transactions — An overview of the experts from Kryptoanwalt.de
Ship to a wrong address
Transactions on the blockchain are irreversible. A typo or an incorrect network can make coins unreachable for the original owner.
Rug pulls, scam tokens and total failures
Projects that collapse, planned or unplanned, actually lead to total economic loss — although the tokens still exist, they no longer have any market value.
Tax dimension
An economic loss does not automatically mean that the losses can also be claimed for tax purposes. Tax authorities and case law impose strict requirements for proof of a final loss and allocation to a type of tax income. In many situations, a tax deduction can only be achieved under certain conditions — and often only with qualified reasons.
- Clarify with specialized lawyers whether civil claims can be enforced and how the transaction is to be classified for tax purposes.