In Short The Court Decision: On September 25, 2018, the Higher Regional Court of Berlin held that bitcoins would not qualify as financial instruments ...
source https://www.google.com/url?rct=j&sa=t&url=https://www.jonesday.com/Game-Changer-for-Cryptocurrency-in-Germany-Court-Holds-No-License-Required-to-Trade-Bitcoins-10-30-2018&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNErKxm9ZmJg0tXoi2UbXPlWIbM9pA
