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 […]
Germany becomes most favorable crypto economy in Q3 – Report
After previously holding a joint top-rank position with the United States, Germany is now the country with the most favourable crypto economy in 2022’s third quarter (Q3). In the third quarter of 2022, Germany became the most promising crypto economy in the entire globe, according to a recent study by Coincub. The joint top-rank holder […]
Germany’s Commerzbank Applies For Crypto License
A Commerzbank spokesperson confirmed to local media that the bank applied for the crypto license with BaFin earlier this year, a first for a major German bank. Commerzbank, one of Germany’s largest banks confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has moved toward cryptocurrencies […]
VanEck applies to launch a Solana ETF in Germany
Worldwide investment manager and ETF giant VanEck has filed for a Solana ($SOL) Exchange-Traded Fund (ETF) in Germany, If accepted, the ETF would allow for direct Bitcoin investment. According to reports, VanEck, a worldwide investment manager and ETF provider, has registered for a Solana ($SOL) ETF in Germany. This reflects an increased institutional interest in […]
Germany approves Bitcoin-based security token offering
A security token offering (STO) based on a Bitcoin (BTC) sidechain has been approved by German financial regulators. The country joins countries such as France, Luxembourg, Spain and Portugal to launch the Bitcoin-based EXOeu token. Exordium’s EXOeu token has been approved by Germany’s Federal Financial Supervisory Authority (BaFin), allowing local retail investors to participate in […]