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Germany’s Bitcoin Group is implementing improvements to its internal control system following BaFin’s directive to its subsidiary futurum bank to address deficiencies in anti-money laundering and counter-terrorist financing measures. Germany’s Bitcoin Group is under scrutiny by the financial regulator BaFin, which has highlighted significant shortcomings in its subsidiary Futurum Bank’s anti-money
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German Bundestag member Joana Cotar advocates for Bitcoin’s recognition as a legal tender, aiming to balance innovation with regulatory security. Joana Cotar, a member of Germany’s federal parliament Bundestag, has vocalized her support for making Bitcoin a legal tender in the country. Cotar, known for her forward-thinking views, made these remarks
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“Now that we have been granted the license, we have achieved an important milestone. This highlights our ongoing commitment to applying the latest technologies and innovations, and it forms the foundation for supporting our customers in the areas of digital assets,” Dr. Jörg Oliveri del Castillo-Schulz, chief operating officer of
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Birkenstock confidently moves ahead with its IPO plans despite mixed performances of other listings in September. Goldman Sachs, JPMorgan, and Morgan Stanley shall be the underwriters for the IPO. Birkenstock, the renowned German premium footwear brand supported by private-equity firm L Catterton, has announced its intention to pursue a highly anticipated
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The Crypto Valley Venture Capital (CVVC) has released the German Blockchain Report 2023. It shows a significant increase in blockchain funding within the country. The report analyzes the performance of the blockchain sector in Germany from Q3 2022 to Q2 2023. It shows that the German blockchain sector had a 3% year-on-year
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Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC). Within CVVC's report titled "The German Blockchain Report 2023," the country's blockchain
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The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space. DZ Bank to Use Metaco’s
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The Bitcoin (BTC) logo lit up the night sky in Berlin this weekend, adorning Germany’s tallest building with a giant orange B.Source: TwitterOn January 21, the Bitcoin logo illuminated the Berliner Fernsehturm tower–known as the TV Tower. German Bitcoiners took to Twitter and social media to share photos and videos
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Germany’s FOC regulator stated that PayPal’s users of terms are causing a possible hindrance to its competitors which has led to an investigation.Payments giant PayPal could be in trouble as Germany’s antitrust watchdog launched an investigation into PayPal in order to examine whether the US online payment giant was using
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The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in the Bundesrepublik. Financial Authorities Advise Germans How to Protect Their Mobile Apps From Malware The Federal Financial
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