Cryptocurrency regulation in Germany- what you need know

As cryptocurrencies see fresh market impetus in the wake of latest crisis in the finance and banking industry, one of the countries already on the path to greater crypto adoption is Germany. A recent report showed nearly 50% of investors in the country have considered crypto as an investment option.

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Coinbase Becomes First Company To Secure Crypto Custody License In Germany

Germany's Federal Financial Supervisory Authority, also known as BaFin, has given crypto exchange Coinbase the license to run its crypto custody business in the country. This makes Coinbase the first company authorized to provide crypto custody services in Germany according to the updated regulations.

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Germany Opens Floodgates to Bitcoin Investing

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Coinbase Gets BaFin Approval for Crypto Custody Business in Germany

Coinspeaker Coinbase Gets BaFin Approval for Crypto Custody Business in Germany With the BaFin license, Coinbase expects to localize their services and further advance them all over Germany.

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Coinbase secures first crypto licence in Germany

Learn about working at Coinbase: https://www.coinbase.com/careers - Medium

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Coinbase Gains Approval to Offer Crypto Custody Services in Germany

Coinbase has become the first exchange to get a cryptocurrency custody license from BaFin according to updated regulations. The post Coinbase Gains Approval to Offer Crypto Custody Services in Germany appeared first on BeInCrypto.

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Germany’s financial watchdog approves crypto custody license for Coinbase

Since January 2020, all crypto firms operating in the German market have required BaFin approval.

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Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe

Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.

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Coinbase Receives 4,000 Disclosure Requests From Government Agencies In 2020

The US-based crypto exchange Coinbase received 4,227 requests from government agencies around the world, in which they asked Coinbase to disclose information on client accounts. Most of them came from the USA, UK and Germany.

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Wealthfront Allows Clients to Invest in Crypto; Germany Passes Legislation on Spezialfonds to Allocate 20%

Wealthfront is the latest one to start allowing its clients to invest in cryptocurrencies later this year. The US digital wealth manager with $16 billion in assets under management said starting this week; users will be able to build their own portfolio from a range of ETFs vetted by their team.

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You may face a $5 million fine – German’s regulator tells Binance

Germany’s financial regulator BaFin has warned crypto exchange Binance against offering security-tracking tokens without laying out an investor prospectus. The financial watchdog published a note on its website on Wednesday.

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Germany's financial regulator issues retail crypto investment warning

German financial regulator BaFin wants retail investors to be aware of the risks associated with crypto investments, especially in the current bull market.

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German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country

Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody services.

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Germany’s Biggest Bank to Offer Crypto Custody Services

Germany’s largest bank, Deutsche Bank AG is working on offering crypto custody services, a WEF report says. The report details the plans of the bank to become a custodial services provider for institutional investors because of the growing interest from this group of investors.

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Swiss Bank to Start Market Making Bitcoin ETPs, Taps Specialists

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New Law in Germany Embraces All-Electronic and Blockchain Crypto Securities

The German government has passed new legislation to introduce all-electronic securities as part of the country’s wider blockchain strategy. According to the country’s finance ministry, the new law relaxes rules forcing issuers and holders of securities to document transactions with a paper certificate.

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Blockchain Bites: $187M Blockchain Bond, $522M BTC Mining Revenue and ‘Ethereum-First’ Institutional Investors

Singapore is funding blockchain R&D. Germany's second-largest stock exchange's crypto app saw $1.21 billion in trading volumes this year. Grayscale is seeing a growing number of "Ethereum-first" institutional buyers.

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German Stock Exchange’s Crypto Trading App Surpasses $1 Billion Volume This Year

Cryptocurrency trading on the app provided by Germany’s second-largest stock exchange, Boerse Stuttgart, has hit record volumes. One billion euros in cryptocurrencies have been traded on the exchange’s crypto trading app, Bison, so far this year.

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Boerse Stuttgart Group Says Its Crypto Trading App Has Hit €1B Volume in 2020

Germany’s second-largest stock exchange says its trading app Bison exceeded its expectations this year.

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Berlin-Based Bitcoin Watering Hole Now Shuttered, Google Maps Reveals

One of the world’s most famous cryptocurrency pilgrimage sites has apparently closed its doors to the public for the last time, based on social media reports and Google Maps.  Room 77, an otherwise nondescript bar located in Berlin, Germany, achieved widespread popularity within the crypto community after being recognized in 2011 as the first bar […] The post Berlin-Based Bitcoin Watering Hole Now Shuttered, Google Maps Reveals appeared first on BeInCrypto.

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Germany Is Quietly Becoming the World’s Crypto Superpower

Germany’s Finance Ministry has drafted a bill that will update its legal framework regarding securities. The bill specifically targets tokenized securities and will bring digital assets closer to traditional financial instruments.

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Germany to further regulate crypto to secure market

Plans are to digitise securities using blockchain by introducing a law to govern the...

The post Germany to further regulate crypto to secure market appeared first on Coin Journal.

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Germany Begins Closing Down All Unlicensed Bitcoin ATMs

Germany’s Federal Financial Supervisory Authority (BaFin), the country’s top financial regulator responsible for regulating crypto service providers, has begun actively closing down unauthorized bitcoin ATMs, a BaFin spokesperson has confirmed to news.

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Germany seizes nearly $30M in crypto from movie2k.to

The German police have seized millions in Bitcoin and Bitcoin Cash from the defunct...

The post Germany seizes nearly $30M in crypto from movie2k.to appeared first on Coin Journal.

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German Regulator Seizes Crypto ATMs

Germany's financial regulator BaFin is seizing bitcoin ATMs run by "Shitcoins Club" months after ordering its operator to cease trading crypto.

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Binance Partners With CM-Equity To Expand Its Market Reach In Germany And Europe

In an announcement on Friday, Binance, the largest crypto exchange in daily volumes traded, announced its partnership to a German investment firm, CM-Equity, to provide crypto brokerage and asset management services in Europe.

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Binance Enters German Market via Partnership With Crypto Investment Firm

Binance has partnered with licensed German investment firm CM-Equity to offer crypto asset management and brokerage services in Germany and Europe.

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Germany Takes Over FATF Presidency With New Guidance on Crypto Standards

The Financial Action Task Force (FATF) has a new president as Germany took over the presidency from China. The intergovernmental organization also highlighted the need for more guidance on cryptocurrencies as many countries have not yet fully implemented its revised crypto standards.

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Crypto.com suspends debit card program after Wirecard bankruptcy

Crypto dot com is temporarily suspending its Europe and United Kingdom issuances of MCO debit cards after its former card operator — Germany’s Wirecard AG — slipped into bankruptcy and filed insolvency this week.

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Bitcoin: Africa might become the 'leading crypto continent in the next 5 years'

As government-backed fiat is failing to support people during global uncertainties, more and more people are turning towards crypto and the fact that many countries like India, South Korea, Germany, aThe post Bitcoin: Africa might become the 'leading crypto continent in the next 5 years' appeared first on AMBCrypto.

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Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

Bitwala, a Berlin-based crypto-friendly bank, has joined forces with Celsius, a leading crypto lending platform, to offer its clients up to four percent annual interest on their Bitcoin (BTC) holdings.

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90 Million More People Can Now Spend Crypto With TenX

TenX’s popular Visa debit card—which lets you spend cryptocurrency without having to manually top up—has launched in Germany and Austria. It supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), all of which can be spent anywhere that accepts Visa thanks to the card’s unique auto-convert ability.

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Crypto Custodian License Requests Are On the Rise In Germany; Banks Are Still Hesitant

They faced the problem first hand in November 2019 as Crypto Storage AG was opening a Deutsch branch, Crypto Storage Deutschland in Frankfurt, for the firm. The strategic move would grant them access to the German Market after they had completed license applications.

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Germany Continues Bitcoin Adoption Despite Rocky Market

The broader market crash brought on by fears of the coronavirus has been felt around the world. But as startups and investment firms in the U.S. buckle up for a...The post Germany Continues Bitcoin Adoption Despite Rocky Market appeared first on Crypto Briefing.

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Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks

Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions.

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Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India

The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more than 800 delegates discussed crypto regulations.

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Bittrex Global Rolls Out Ability To Buy Crypto With Credit Cards and Referral Program

Bittrex just made the announcement that it has introduced new features onto its platform, such as credit card support, mobile app upgrades and a referral program. Bittrex Global users from the UK, France, the Netherlands and Germany will be offered the credit card support, while the exchange is trying to expand to users from all […]

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After Germany, India, South Korea, And France, Are More Countries Likely To Warm Up To Crypto Real Soon?

The past couple of days have been spectacular in terms of bolstering crypto adoption. Financial regulators and lawmakers in India, South Korea, Germany, and France have softened their stance towards crypto through the passing of crypto-friendly laws.

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German Crypto Regulator BaFin Shuts Down Unauthorized Bitcoin ATMs

Germany’s Federal Financial Supervisory Authority (BaFin) has shut down unauthorized bitcoin ATMs in the country. Now that cryptocurrency is regulated under the German Banking Act, bitcoin ATM operators need to be authorized by BaFin.

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France Says Bitcoin Is Money as Industry Cheers Bullish Week for Crypto

To round off a week of positive developments for the cryptocurrency industry, France has officially recognized Bitcoin as a legal financial instrument. Elsewhere, India, South Korea, and Germany have seen similar legal developments in recent days.

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German Financial Regulator BaFin Recognizes Crypto As Financial Instrument

Germany’s financial watchdog, the Federal Financial Supervisory Authority (BaFin) has officially recognized cryptocurrencies as financial instruments. This, according to a report by Decrypt, March 3, 2020.

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Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes.

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Germany’s Second Largest Exchange Adds New Bitcoin Trading Product

Boerse Stuttgart, Germany’s second-largest stock exchange, has added a new inverse Bitcoin Exchange Traded Product (ETP). This will be the first crypto ETP, called 21Shares Short Bitcoin ETP, which allows traders to short Bitcoin.

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Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange.

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Boerse Stuttgart’s Blocknox Set to Launch Crypto Custodial Platform for Enterprises 

Boerse Stuttgart, Germany’s second-largest stock exchange, has announced that its subsidiary, blocknox, is putting preparations in top gear to launch a crypto custodial platform that will cater to the needs of institutional clients such as banks, fintech firms and others, according to a Ledger Insights report on February 18, 2020.

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Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

European crypto exchanges, as well as other companies with significant crypto holdings they need to protect, now have another option for cold storing their digital fortune. Bitgo is expanding out of the U.

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40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law

More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law.

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Over 40 German bank express interest in crypto custody

Germany's Federal Financial Supervisory Authority [BaFin] reportedly received over 40 expressions of interest from banks for the issuance of a cryptocurrency custody services license. The report stateThe post Over 40 German bank express interest in crypto custody appeared first on AMBCrypto.

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Over 40 German banks express interest in crypto custody

Germany's Federal Financial Supervisory Authority [BaFin] reportedly received over 40 expressions of interest from banks for the issuance of a cryptocurrency custody services license. The report stateThe post Over 40 German banks express interest in crypto custody appeared first on AMBCrypto.

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