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Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians

Germany’s Financial Supervisory Authority (BaFin) is clarifying how the country’s new cryptocurrency custody law will apply to firms that operate outside of Germany but still serve the German market.In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for

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Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN).Two years in operationLaunched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap global payments data using the Ethereum network, the

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