Cryptocurrency Analysis and News Portal
The German financial watchdog is stopping the operations of a company KKT UG from Berlin that allows consumers to buy and sell cryptocurrencies at ATMs.Lack of necessary permissionAccording to a March 4 statement, BaFin ordered Mr. Adam Gramowski, who runs KKT UG as managing editor, to cease cross-border proprietary
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One of the oldest banks in Europe is developing a special-purpose euro stablecoin that can facilitate private placements in tokenized securities. Munich-based Bank von der Heydt, established in 1754, announced Monday it had partnered with blockchain financial services provider Bitbond to help integrate tokenization into its established securitization platform.The partnership
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On the heels of new Anti-Money Laundering laws, several German banks are reported to be seeking regulators’ go-ahead to offer digital assets services. Local newspaper Handelsblatt reported on Feb. 7 that Germany’s Federal Financial Supervisory Authority (BaFin) is dealing with a cascade of applications from 40 banks seeking to become
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According to a Feb. 3 press release, open source blockchain platform Waves established a non-profit organization called Waves Association in Frankfurt, Germany to provide effective governance for its own ecosystem, Web3, and to foster the development of DLTs, including public and private blockchain protocols. Uniting six countries The Waves Association will
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German stock exchange owner Boerse Stuttgart Group and Japanese financial giant SBI Group are teaming up on a joint initiative to expand their digital assets businesses internationally.The two firms said in a press release on Friday that they will establish a partnership in Europe and Asia, including Japan, with the
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“We believe that all tradable assets will be tokenized in the future,” said Alexis Hamel, managing director of solaris Digital Assets. “solarisBank had proven that the Banking-as-a-Service model works, and with a full German banking license solarisBank is ideally positioned to use the same model for solaris Digital Assets to
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Berlin-based fintech company solarisBank has established a subsidiary to provide a custody solution for digital assets.Per a Dec. 11 announcement, solarisBank’s newly established subsidiary, solaris Digital Assets GmbH, will provide clients with an application programming interface (API)-accessible platform, which gives access to the full range of solarisBank’s digital white-label
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German banks have so far not been allowed to conduct their various businesses in cryptocurrency. However, a new law called the fourth EU Money Laundering Directive is going to revolutionize the way banks and customers interact. At its basic, the new law will empower banks to become the primary custodians
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German banking association BdB was positive about the legislation, too. "Credit institutions are experienced in the safekeeping of client assets and in risk management, are committed to investor protection and have always been controlled by the financial supervision," it said. As such, banks could "effectively prevent money laundering and terrorist
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German regulator federal financial supervisory authority (BaFin) issued a warning against Bulgarian cryptocurrency broker 5 Capital on Nov. 11.The regulator has barred 5 Capital from operating in the country since the firm illegally offered Contracts for Difference (CFDs) designed to expose clients to the price movements of cryptocurrencies.Operating without
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