Bafin News

BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020.

Deutsche Bank is set to offer customers cryptocurrency custody options through a partnership with cryptocurrency infrastructure platform Taurus.

BaFin reportedly advised Binance that CEO Changpeng Zhao wouldn’t pass a “fit and proper” test as part of the financial watchdog’s licensing regime.

The crypto exchange’s move to withdraw its license in Germany comes amid reports that the exchange faced rejection from regulators.

Binance’s regulatory trouble continues to mount as the exchange faces pushback in Europe and the United States.

Germany’s banking industry is slowly warming up to the crypto sector, with multiple partnerships and crypto services launching in 2023 after a long, cautious approach.

With the licensing of the German exchange’s blocknox service, it now offers fully regulated brokerage, trading and custody.

Given the difficulties with classification, BaFin highlights the freedom of nonfungible tokens from licensing demands.

In effect since Oct. 27, BaFin’s order referred to Coinbase’s Germany arm outsourcing some operations “essential for conducting banking business or providing financial services.”

Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.”

Forty-four percent of Germans are motivated to invest in crypto, according to a report released by KuCoin. What do the experts think?

N26’s co-founder says rushing for a global expansion has caused N26 to drop behind in crypto and equities trading.

Germany joins countries such as France, Luxembourg, Spain and Portugal by greenlighting the Bitcoin-based EXOeu token.

While people are waiting with bated breath on how the SEC will regulate the DeFi industry, Germany's BaFin has already found a way.

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