Given the difficulties with classification, BaFin highlights the freedom of nonfungible tokens from licensing demands. Federal Financial Supervisory Authority of Germany (BaFin) is not ready to classify nonfungible tokens (NFTs) as securities yet. The Agency suggests classifying the NFTs on a case-by-case basis. On March 8, the BaFin journal published an explanatory note considering NFTs…
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Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet BAFIN’s strict regulatory requirements.” New License Strengthens Bitpanda’s Position Austrian crypto exchange platform…
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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.” The Federal Financial Supervisory Authority of Germany, also known as BaFin, has issued an order related to the business organization of Coinbase’s local arm in accordance with the country’s banking laws.…
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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.” Birgit Rodolphe, executive director at Germany’s Federal Financial Supervisory Authority (BaFin), has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the European…
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A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year as a first for a major bank in Germany. One of the largest banking institutions in Germany has confirmed that it applied for a local crypto license earlier this year, marking the first time a major…
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Germany joins countries such as France, Luxembourg, Spain and Portugal by greenlighting the Bitcoin-based EXOeu token. German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain. Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the…
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German financial regulator BaFin wants retail investors to be aware of the risks associated with crypto investments, especially in the current bull market. Germany’s Federal Financial Supervisory Authority, or BaFin, has warned investors about the risks involved in cryptocurrency investments. In a consumer protection alert issued on its website on Friday, the regulator offered a…
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Deutsche Borse’s Xetra prepares to list two Ether ETPs and a Bitcoin Cash ETP on Tuesday, stating that crypto ETFs are unlikely to come soon due to EU regulations. Deutsche Borse’s electronic trading platform, Xetra, is preparing to launch its first Ether (ETH)-based exchange-traded products, or ETPs. According to data from Xetra, the platform is…
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Europe’s largest economy is looking to pave the way for securities trading on the blockchain. The German word for securities is wertpapieren, or “papers of worth,” which may soon be as outdated as nocturnal traders saying they’re burning the midnight oil. Per a Reuters report from Wednesday, Merkel’s cabinet had passed a new law that…
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Investment firm ETC Group plans to list a Bitcoin ETP on Germany’s Xetra digital stock exchange in late June. London-based ETC Group will list the first crypto exchange-traded product on Germany’s Xetra digital stock exchange this month. Traders in the UK, Italy and Austria will also be able to deal in shares of the new…
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