Category: BaFin

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German Security Token Platform to Develop a Custody Solution

German STO platform Black Manta joins digital asset custody firm Finoa to develop institutional security token custody. German security token offering (STO) platform Black Manta Capital Partners partnered with local digital asset custody firm Finoa to develop institutional security token custody. According to an announcement shared with Cointelegraph on May 4, the cooperation aims to…
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German Financial Regulator Takes Action Against First Bitcoin ATMs

The German Financial Market Authority BaFin has ordered the crypto service provider and operator of bitcoin ATMs KKT UG to stop its business. The German financial watchdog is stopping the operations of a company KKT UG from Berlin that allows consumers to buy and sell cryptocurrencies at ATMs. Lack of necessary permission According to a…
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German Financial Regulator Further Clarifies Crypto Status With New Paper

The German financial watchdog BaFin has issued a summary instruction manual for businesses that wish to offer cryptocurrency services that require its custody. The German financial watchdog (BaFin) issued a new summary leaflet detailing how cryptocurrencies are treated under newly enacted laws for 2020. The instructions are presented as BaFin’s interpretation of the new German…
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German Regulator Flags Crypto Broker for Operating Without License

German regulator federal financial supervisory authority issued a warning against Bulgarian cryptocurrency broker 5 Capital. German regulator federal financial supervisory authority (BaFin) issued a warning against Bulgarian cryptocurrency broker 5 Capital on Nov. 11. The regulator has barred 5 Capital from operating in the country since the firm illegally offered Contracts for Difference (CFDs) designed…
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