Crypto Finance Receives 4 Licenses From German Regulator BaFin
BaFin, the German Federal Financial Supervisory Authority, has granted four licenses to the German subsidiary of Crypto Finance. As its parent company, Deutsche Börse prepares to establish a digital exchange. Crypto Finance (Deutschland) is a provider of investment products, custody, and trading in digital assets that meet the standards of institutions. The Swiss Financial Market […]
BaFin Calls for Global Regulation to Crypto, all Finance Centers
BaFin, the German crypto regulator, has stressed the risks associated with cryptocurrency and calls for global regulation to apply to all financial centers without exceptions. In a Sept. 18 blog post, Rupert Schaefer, Executive Director of Strategy, Policy, and Control at BaFin, emphasized the significance of unified global crypto industry regulation. Schaefer compared regulators to […]
Germany’s BaFin Rejects Binance Crypto Custody License
Binance, a major cryptocurrency exchange, recently faced setbacks in pursuing licenses and regulatory approvals in Europe. The German financial regulator, BaFin, reportedly denied Binance’s request for a cryptocurrency custody license . Binance claims to be working towards complying with BaFin’s rules. However, it is still being determined whether they communicated this refusal through ongoing conversations […]
Deutsche Bank Applies for Crypto Custody Services License from Bafin
Deutsche Bank AG, the largest bank in Germany, has recently requested regulatory approval from Bafin to provide custody services for digital assets such as cryptocurrencies. The recent regulatory crackdown by Western financial regulators has not deterred major participants from entering the cryptocurrency market. According to David Lynne, head of Deutsche Bank’s commercial banking division, this […]
BaFin suggests case-by-case classification of NFTs
BaFin, the German Federal Financial Supervisory Authority, has not yet deemed nonfungible tokens (NFTs) securities. given the difficulties with classification, the Agency advises classifying the NFTs case-by-case. NFTs and their legal classification were discussed in an explanation note published in the BaFin journal on March 8. Regulators do not now perceive how NFTs fit the […]