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Others, such as Joshua Ellul, Director of the Centre for Distributed Ledger Technologies at the University of Malta, have suggested a step-by-step approach, where, in the first instance, DeFi applications must appoint real-life fiduciaries to discharge regulatory obligations such as audit. Original Source
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Birgit Rodolphe, an executive director at Germany's Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the European Union (EU).BaFin is Germany’s financial regulatory body responsible for regulating banks, insurance firms, and financial institutions including cryptocurrency companies. BaFin is the
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But some in the industry have warned that regulation could generate uncertainty in a nascent industry. Responding to Rodolphe's comments, Sakhib Waseem, Chief Innovation Officer at Switzerland's Astra Protocol, also told CoinDesk it could undermine the whole philosophy of DeFi, as supervisors in the U.S, EU and globally will tend
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One of the largest banking institutions in Germany, the ‘Commerzbank’ has been trending in the news this morning, confirming that it applied for a local crypto
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One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has made a move toward cryptocurrencies in the country.A spokesperson from Commerzbank confirmed to local media outlet Börsen-Zeitung on April 14 that it
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The marketplace's bitcoin privacy mixer complicated the investigation, police said. Source
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The deal, which was expected to complete later this year, was called off by a mutual agreement, according to report. Original Source
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The social trading platform announced in January will focus on cryptocurrencies and include a crypto wallet and crypto exchange with more than 50 assets. Source
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Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.” Bitmex Plans to Become a Regulated Crypto Powerhouse Cryptocurrency exchange Bitmex announced Tuesday a purchase agreement of Bankhaus von der Heydt,
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Publicly traded German fintech NAGA, which offers investment in stocks and crypto via its mobile app, is to start a social trading platform in 2022 called NAGAX, NAGA announced Thursday.The platform, set to launch in Q1 this year, will consist of a crypto wallet, an NFT platform, a staking platform,
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