The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019

The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019
фото показано с : bitcoinist.com

2018-11-16 02:00

The operator of Germany’s only regulated cryptocurrency exchange has confirmed it will de facto become a bank after securing a 100 percent takeover of Tremmel Wertpapierhandelsbank.

Bitcoin.de Buys Tremmel Wertpapierhandelsbank

Bitcoin Group SE, which operates Bitcoin.de, will be able to offer a raft of services connected with cryptocurrency thanks to a banking license once the deal goes through.

Frankfurt-based Tremmel has operated as a minor financial institution since the early 1980s, with previous owner Rainer Bergmann staying on to contribute to future growth and oversee the creation of a “deposit institution,” a press release confirms.

“We are very pleased that in Tremmel Wertpapierhandelsbank GmbH and in particular Mr. Rainer Bergmann we have been able to gain an excellently positioned partner with in-depth knowledge of the market,” Marco Bodewein, Managing Director of Bitcoin Group SE commented.

This will enable us to take the corporate development of Bitcoin Group SE to a new level.

Consumer Adoption Focus

Once the process completes, which is expected by Q3 2019, Bitcoin.de will be able to provide services such as Bitcoin ATMs.

The right to provide exchange services, including via such machines, among non-banking license holders currently forming a contentious issue in Germany, Bitcoinist recently reported.

The main focus for Bitcoin Group, however, will be to turn Bitcoin.de into a “cryptocurrency exchange with a multilateral approach.”

“This offers numerous advantages,” the press release continues.

For example, it would be possible to maintain an order book and even quote prices, which would at the same time ensure more liquid trading.

Bitcoin Group first hinted it would be acquiring a “regulated bank headquartered in Germany” in May, the latest move further increasing its presence as the only regulated option in the country.

As Bitcoinist noted, this stance firmly contrasts with that adopted by its neighbors, with both Switzerland and Austria favoring a constructive regulatory attitude to the cryptocurrency industry.

What do you think about Bitcoin.de becoming a bank? Let us know in the comments below!

Images courtesy of Shutterstock, Crunchbase.com

The post The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019 appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68627.47 (-0.27%)
Объем 24H $29.192b
Изменеия 24h: 1.30 %, 7d: -1.73 %
Cегодня L: $68289.6 - H: $68812.85
Капитализация $1352.303b Rank 1
Цена в час новости $ 5647.43 (1115.2%)

bitcoin only tremmel exchange bank regulated germany

Источник: bitcoinist.com

bitcoin only → Результатов: 126


Bitcoin rally fueled by realization trustlessness is the only way forward

Dylan LeClair said Bitcoin’s recent solid performance boils down to the understanding that trustlessness is the only way forward. The Research Analyst pointed out that, amid tough geopolitical and macroeconomic conditions, Bitcoin has managed to buck the broader market trend – thanks to the growing realization it has no counterparty risk.

2023-4-12 20:00


Top Bitcoin Mining Player Canaan Creative Allows HKEX Filing to Lapse, Leading to Delay of IPO Possibly

Canaan Creative recently applied for an initial public offering over six months ago in Hong Kong, but it does not seem like they met the requirements within the timeframe allotted. Considering that these applications are only good for six months through HKEX, it is possible that this IPO may ultimately be delayed. On the HKEX […]

2018-11-15 21:16


Bitcoin ABC vs Satoshi Vision fork, who will come out Victorious?

Yes, the Lion is the king of the jungle. No, there cannot be more than one Lion to rule the jungle, one has to rip the other apart, but if both must claim the throne, then the level of agreement between the subjects to either of the leadership patterns becomes the only determinant that puts […] The post Bitcoin ABC vs Satoshi Vision fork, who will come out Victorious? appeared first on ZyCrypto.

2018-11-15 17:45


Фото:

CDRX Introduces a New Approach to Asset Securitization: Crypto Depository Receipts (CDRs)

CDRX could be soon pioneering a paradigm shift in equity investment, through its securitized equity tokens labeled Crypto Depository Receipts (CDRs). The company is introducing an alternative to replace traditional investment instruments like equities and bonds, bringing investment opportunities to everyone that purchases the token, not only wealthy individuals and accredited investors.

2018-11-15 15:51


Фото:

Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.

2018-11-14 00:53


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru