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Commerzbank applied for a crypto custody business license with BaFin back in April 2022. It has become the first bank to win approval in Germany. One of Germany’s leading banks Commerzbank AG (CBK-DE: XETRA) has been granted a crypto custody license by the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator. Now
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The German bank Commerzbank has been granted a crypto custody license by local regulators, according to a Nov. 15 announcement by the lender. Commerzbank says it is the first “full-service” German bank to be granted this license in the country under the legal framework of the German Banking Act. This allows it
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Cryptocurrency custodian BitGo, backed by Goldman Sachs and Galaxy, obtained a custody license from BaFin, the German Federal Financial Supervisory Authority, as stated in a Nov. 1 release from Finance Magnates. BaFin supervises active companies in Germany that provide services related to cryptocurrency assets, solidifying the custodian’s presence in the European
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Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary.BitGo has obtained a cryptocurrency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing
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BitGo confirms that it is delighted that its efforts to secure the new license have finally paid off. Crypto custody firm BitGo is now fully licensed to carry out its custody business in Germany, according to a recent CoinDesk report. This follows after the United States-regulated firm recently secured the appropriate
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The vice chancellor of Germany has reportedly proposed tightening the screening process for foreign direct investment from China, according to reports from local media outlets. Rober Habeck, a member of the Green coalition and federal minister for economic affairs and climate action, said the tightening of restrictions on Chinese foreign investment
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In the latest episode of Macro Markets, Cryptox analyst Marcel Pechman discusses the recession in Germany, Europe’s largest economy. According to a recent headline in The Wall Street Journal, “Germany is dragging down Europe’s economy.“ The article explains how the country heavily depends on manufacturing, which has been hurt as
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Binance has withdrawn its cryptocurrency custody license application in Germany. The exchange confirmed its withdrawal to Cointelegraph on July 26, nearly a month after reports of rejections from The German Federal Financial Supervisory Authority (BaFin).On June 29, BaFin reportedly rejected the crypto exchange’s custody license. However, at the time, it
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Sam Altman’s blockchain project, Worldcoin, has announced the integration of its “Sign in with Worldcoin” feature with Okta’s Auth0 and the commencement of World ID registrations in Germany. Worldcoin, helmed by Sam Altman, has announced the commencement
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Users can opt to have their data retained, but "if they do that, then their data is encrypted, and then it can be used for things like improving the accuracy and inclusivity of the models," and the user can always revoke permission, said Tiago Sada, head of product, engineering, and
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