2018-11-15 15:52 |
We often hear about how Bitcoin is trying to disrupt the financial industry. Well, it turns out one German cryptocurrency startup has cut out the middleman and just bought a bank. Earlier this week, German cryptocurrency exchange Bitcoin Group SE announced it has successfully bought a 100-percent stake in an investment bank, Tremmel Wertpapierhandelsbank GmbH.
With this purchase, the group will absorb Tremmel’s Federal Financial Supervisory Authority (BaFin) license, opening additional doors for product development. The BaFin license will allow Bitcoin Group SE to develop and sell cryptocurrency-based investment contracts (like futures contracts or ETFs) and also to deploy Bitcoin…
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